3 ms·
You have to pay extra to get a competent CEO to head a company that isn't expected to have big wins for a long time.
by threatofrain 6y ago
You have to pay extra to get a competent CEO to head a company that isn't expected to have big wins for a long time.
- basch 6y agothis sounds like a "nobody got fired for buying IBM." there are plenty of capable people, but vetting those without experience is risky, and the wrong choice could be a death sentence. so everyone (except Kraft Heinz) chooses the safe low risk choice. what that risk calculation leaves out is the risk of buying an expensive ceo, having the company stagnate, and being irrelevant in a couple years.
- jacques_chester 6y agoOr you hire someone who cares about the mission and can settle for a pittance like $1 million per year.