4 ms·

I didn't do my job as CEO to keep the company sufficiently profitable, so you must be fired instead of me.

• qup 4y ago
  More like 'as CEO, firing you to keep the company sufficiently profitable is my job.'
• p1esk 4y ago
  He cut his salary by 98%, but it’s most likely refers to the base salary, while most of his total comp is in stock.
• Frost1x 4y ago
  To be completely fair, it is one of those situations where the damage is done and layoffs are probably one of the best options for the company from a completely financial point of view. He messed up and as such, there are consequences. With that said, seems like admittance of this level of error at a leadership level should be grounds to lose your job and be replaced, so the CEO should also be replaced in this process. I realize there are stability issues where you need to bring someone else in and catch them up to speed before doing this since the role likely requires a lot of contextual awareness but none the less, that process should be (but almost certainly isn't) underway at most these organizations. If anyone not in the c-suite made these levels of errors and clearly admitted to them, they'd be gone yesterday.
• deltree7 4y ago
  The employees can actually go build their own company and make their own poor decisions. The amount of entitlement among HNers is mind-boggling. Newsflash: I fired my grass-cutter and snow-remover this year. According to the dumb logic presented on all social media, I should have fired myself for not seeing inflation and having to cut costs on a few things.
  • SeanLuke 4y ago
    Wait, you actually think CEOs own their companies? The CEO is an employee like any other. He was hired to do a specific job. He didn't do it. He should be the first to be fired.
• deleted 4y ago
  [deleted]