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What does Greatest CEO even mean? Great for who? The shareholders? The employees? The customers? The world? Maybe we shouldn't be looking for "greatness" from a
by rexreed 4y ago
What does Greatest CEO even mean? Great for who? The shareholders? The employees? The customers? The world? Maybe we shouldn't be looking for "greatness" from a CEO.
- TuringNYC 4y ago>> What does Greatest CEO even mean? Great for who? The shareholders? The employees? The customers? The world? Maybe we shouldn't be looking for "greatness" from a CEO. Great question. Since the CEO works for the board, which works for the shareholders, I assumed "great for shareholders" -- however, I was asking myself a different question -- "great on what timeline". It is easy for CEOs to borrow from the future, have great earnings, improve stock prices...only to let the company fail in the long term.
- WeylandYutani 4y agoTimeline means "buy low sell high" for investors. Who cares if the whole thing collapses after your exit?
- TuringNYC 4y ago>> Timeline means "buy low sell high" for investors. Who cares if the whole thing collapses after your exit? Some investors care. "Buy low sell high" might be good for low and medium latency traders, corporate raiders, and the like. Long-term investors (mutual funds, etfs, index funds, pensions, endowments) care very much. Many expect to hold for a decade or longer.
- objektif 4y agoWhy not all? We should definitely be looking for greatness from CEO and other top level execs.
- rexreed 4y agoWhat is great for shareholders is often not great for employees. What is great for customers is often not great for shareholders. These are often tradeoffs, so "all" is rarely an option.
- dehrmann 4y agoAlso when. He was great for shareholders if they didn't hold for too long.