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As multiple people wrote: you don't need new execs to join the company, you can promote from withing directors or VPs that already know the business and have al
by AdrianB1 6y ago
As multiple people wrote: you don't need new execs to join the company, you can promote from withing directors or VPs that already know the business and have all the knowledge on how to run it. If you don't have such people in the company then it's a C level error and the company is doomed anyways.
- sokoloff 6y agoFive months ago, those people were judged less competent to hold the top spots than the incumbents, as evidenced by the org chart at the time. What’s changed?
- AdrianB1 6y agoFilling the top spots in most listed companies is a matter of politics and relationships, not competence. There are many companies known in the market for hiring and promoting based on criteria other than competence, for example political influence, diversity or political stance. Not everybody is FAANG hiring experts, these are exceptions in a big world.
- kelnos 6y agoIn an ideal, meritocratic world, sure, but people get promoted to positions for all sorts of reasons that have very little to do with their competence.