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It's probably not that simple. Most chief executives delegate the responsibility of hiring staff to others. Sure, the buck stops with the executive, but ultimat
by 88913527 4y ago
It's probably not that simple. Most chief executives delegate the responsibility of hiring staff to others. Sure, the buck stops with the executive, but ultimately nobody can review every single operational decision at scale. Maybe they hired for a world where the pandemic didn't happen and the monetary supply didn't tighten, then the world changed.
- tmpz22 4y agoThe entire purpose of the C-suite is to stay on top of macro level stuff, and its the boards purpose to make sure the C-suite is doing it. They didn't do their job. And they got rich not doing it.
- deleted 4y ago[deleted]
- trelane 4y agoI think it's high time to see if there aren't better ways to track the macro level stuff than hiring overlords. It seems to keep not working well.
- NegativeLatency 4y ago"With great power comes great responsibility"
- trelane 4y agoNah, there's not really responsibility when your parachute is golden.
- NegativeLatency 4y agoWell I agree that there isn’t in practice, but I wish that there was
- eropple 4y agoWhat CEO doesn't approve overall hiring numbers? If you're worth paying millions upon millions of dollars a year, shouldn't you have capital-F Foresight? Or is it more that most public-company CEOs are probably not playing above replacement level?
- lovich 4y agoIf the CEO is ultimately responsible for nothing, why are they paid so exorbitantly?