3 ms·
I’m not sure I could adequately explain this to a 5 year old, but it really just comes down to the perception of supply and actual demand. I say perception bec
by slantaclaus 5y ago
I’m not sure I could adequately explain this to a 5 year old, but it really just comes down to the perception of supply and actual demand.
I say perception because even though a “random person off the street” might be able to successfully run a Fortune 500 company, most of them wouldn’t and the boards/shareholders won’t tolerate the risk of allowing untested leaders to run massive companies. On the flip side, just because someone has experience and a good track record of results doesn’t mean they will succeed in future endeavors—a good example of this is that Pepsi guy (John Sculley) who took the helm at Apple and drove its business to the brink of death, this despite being paid in 1987 the highest salary of any company in the valley.