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Being CEO is good work if you can get it. Run a company to the ground and receive your golden parachute package for all that hard work.

• vba616 4y ago
  Suppose you wanted to hire a driver for an armored truck that contains a billion dollars on an average day. What kind of person would you look for and what would you pay them? Would you try to find the most intelligent person, with the best driving skills, who is willing to work for the least pay? Suppose you were interviewing that person, and s/he told you that you were an idiot for hiring the previous driver, who, despite impeccable references, disappeared with a truckload of cash after a week. Are you convinced that you should hire the low bidder with the best skills?
  • pas 4y ago
    good analogy! obviously the solution is what organized crime came up with. tie performance to heartbeat of loved ones. for accountability to work it needs motivationability important to know whether the job is impossible or not, because if it is you will only ever get desperate unlucky less-than-useful idiots. and also very big issue is the strength of the causal relationship between quarterly earnings and "job performance" ... hiring miracle workers, like GE did, who will massage the numbers, whatever it takes, will look nice initially, but then the long winter sets in and it turns out it was all theater. (that's when the mob connections come in handy, for exercising that accountability ... and of course these bonus clawbacks are happening, but probably due to the aforementioned causal inference problem they don't do much)