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ceos get fired all the time https://www.cnn.com/2019/07/19/success/ceos-getting-fired/index.html https://www.cnn.com/2019/07/19/success/ceos-getting-fired/in...
by twelve40 4y ago
ceos get fired all the time https://www.cnn.com/2019/07/19/success/ceos-getting-fired/index.html https://www.cnn.com/2019/07/19/success/ceos-getting-fired/in...
aside from those numbers, i suspect a good chunk of ceo drama is underreported, because if you publicly PIP them and kick them out, it will hurt the company.
- pjerem 4y agoYes but CEOs are fired because the boards are judging they are not up to the task or that they don’t share the same idea of how the company should be driven. Somehow, getting fired is the standard way out for a CEO. They are financially prepared to it (emotionally prepared, I suppose it depends on a per person basis). It’s really not the same as firing thousands of people because you are badly managing the company. And it’s even worse when hiring then firing thousands of people is just part of your plan : executives are not stupid, they knew their last years growth was circumstantial and that it wouldn’t last.