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In contrast, FAANGM’s have had an average of <2 CEO’s in the past 20+ years.
by smugma 4y ago
In contrast, FAANGM’s have had an average of <2 CEO’s in the past 20+ years.
- reisse 4y agoYes, on the scale of FAANG, the "I won't be in this position after a year" attitude shifts from C-level down to upper and middle management. I think it's because when you're a CEO of any of top-10 S&P500 companies, there is no next position for you to take, you're already at the very top of your personal career pyramid. And I honestly think that in any of them, neither mass hirings nor layoffs are initiated by CEOs. I'd bet it's rather "one person pushes through the idea of hiring a lot of people, a year after another person pushes the idea of laying them off".
- smugma 4y agoAt least at Apple, Amazon, and Google, most execs have been there 10+ years. One of the challenges is people often think “where’s my growth going to be if my Senior Director/VP isn’t going anywhere for 5 years?”