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No the board is just lazy and has no real plan for if the CEO keels over. Imagine if how long it takes the board to find a replacement CEO was how long it took
by lesuorac 3y ago
No the board is just lazy and has no real plan for if the CEO keels over.
Imagine if how long it takes the board to find a replacement CEO was how long it took to restart a failed server ... They just don't have contingency plans and so they shovel money at the CEO to ensure that the fact that they don't have a contingency isn't a problem.
- jusonchan81 3y agoIf the CEO changes often the media will quickly portray that as the biggest problem - "The company that cannot find a CEO that will stick" and the shareholder value will be destroyed. I completely agree that the whole thing is influenced heavily by how its going to "look" - perception.
- lesuorac 3y agoSure constantly changing your CEO is not good. But being in a Disney situation where your CEO (Iger) wanted out and choose a poor replacement for himself. (Note: Iger choose a poor replacement not the board, they're useless). And now Disney stock is at the same value in 2023 as they were in 2015. If the Disney board actually had a plan on who a replacement CEO should be they wouldn't be in this problem.