This article is just pandering to workers who have been or fear being laid off. If you fire every tech CEO who overhired during the pandemic boom there wouldn'

This article is just pandering to workers who have been or fear being laid off. If you fire every tech CEO who overhired during the pandemic boom there wouldn't be many left. You also have to consider how their performance would have been viewed if they didn't capitalize on the good times. Boards make CEO firing decisions based on who they think is the best candidate to lead the company going forward. Given the incentives of the American economy, most of these CEOs acted rationally with the information they had. We find it distasteful because they make so much money while workers bear the brunt of the pain, but the uncomfortable truth is that CEOs have no more crystal ball than anyone else with regard to macroeconomic conditions, and they are not graded primarily on their ability to maintain stable employment without layoffs.