4 ms·
I don't see what the big advantage is of CEOs few have heard of being dragged in to nuke existing companies and rebuild them in the image of the old company he
by bugsy 15y ago
I don't see what the big advantage is of CEOs few have heard of being dragged in to nuke existing companies and rebuild them in the image of the old company he used to work at. Why not just nuke the company out of spite (or alternatively sell off all assets and give to charity if not spiteful) and have the CEO stay at the old place and keep doing the same thing. Same outcome but not as painfully dragged out.
Obviously if you keep doing multi billion dollar acquisitions, and then trash it all and fire everyone a couple years later when you switch CEOS, and then when things get even worse, fire that CEO with a golden parachute and bring it his cousin to do it all again, pretty soon your company headquarters are going to be an abandoned grassy field.
Talk about burn rate!