4 ms·
His job is to make big ambitious bets. These didn't pay off. CEOs are not hired (or retained) for the benefit of employees or customers, they are hired by board
by kevinpet 4y ago
His job is to make big ambitious bets. These didn't pay off. CEOs are not hired (or retained) for the benefit of employees or customers, they are hired by boards for the benefit of shareholders, and shareholders in Robinhood were not buying for stable reliable dividends.
- oldgradstudent 4y agoShareholders have a residual interest. Debts, taxes, regulations, suppliers, and other liabilities and requirements come first. The CEOs making ambitious bets should take those into account.