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It's a claim repeated very frequently around here when people criticize exorbitant compensation packages for execs. For instance, see [0] below by fallingknife
by danaris 4y ago
It's a claim repeated very frequently around here when people criticize exorbitant compensation packages for execs.
For instance, see [0] below by fallingknife.
[0] https://news.ycombinator.com/item?id=35665329 https://news.ycombinator.com/item?id=35665329
- sumeno 4y agoThat's not what that comment says, it says there are massive risks in REPLACING a CEO, it says nothing about risks the CEO is taking.
- rco8786 4y ago"the massive risk and uncertainty of replacing a CEO" This is not what we're talking about. This is about risk to the company, not risk to the CEO. "Essentially CEOs are able to hold the board hostage." Exactly. There is no risk to the CEO. They hold all the cards.