3 ms·
The CEO job is to choose the best prediction of the future from those available to them, and make sure the company executes on it. So yes, that's the bar.
by snotrockets 4y ago
The CEO job is to choose the best prediction of the future from those available to them, and make sure the company executes on it. So yes, that's the bar.
- colinmorelli 4y agoBut as you just said, it's to make the _best_ prediction of the future based on those available, not necessarily the right one. You hope that over time of making enough educated bets, enough pan out correct for overall company success. Companies are often wrong about many (perhaps most) things. They're just right often enough to keep succeeding. As the markets clearly priced in during the pandemic, this was the best prediction of the future. As measured not just by the CEO, but the response of consumers and the public markets. You would be hard-pressed, without the benefit of today's hindsight, to make a reasonable argument for why this wasn't the right decision to make based on the data in front of you.
- jonny_eh 4y agoApple's CEO made the right decision, (Alphabet|Meta|Salesforce)'s CEOs did not. I think it's reasonable to argue that Apple's CEO made the better decision, as opposed to the "obvious" one.
- jonny_eh 4y agoAnd they're paid handsomely to get it right, when it matters most. We pay them enough to comfortably retire when they get it wrong.
- snotrockets 4y agoTo get it right, even when there's a cost to themselves. Consider Parag Agrawal, who took and push for a decision most beneficial to most then-current shareholders, even when it was clear to all that he won't be CEO because of it.
- s1artibartfast 4y agoIf you think the CEO is making bad decisions, you should fire then before the decision, not based on the outcome.