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You know how the USA has a President? Switzerland has 7. What is the role of the CEO? Is it to make decision? Is it to be a public facing role, a representativ
by jerojero 3y ago
You know how the USA has a President? Switzerland has 7.
What is the role of the CEO? Is it to make decision? Is it to be a public facing role, a representative of the company as a whole? These can all be replaced with collective bodies coming from the firm itself.
There's a lot of structures of governance that decentralise the power of the firm and they work pretty well. But the current system is not really viewed as a problem for the people who participate in it. The boards, the CEOs, etc. these are not positions that truly need talent and shrewdness these are positions that exist for people to aspire to. This way, the bulk of the people in the firm have a clear structure to look up to. It's not that Sundar Pichai does work worth 225M a year, it's simply that he happens to be in the position of the CEO of Alphabet. It can be anyone (anyone in those upper circles).
- ztrww 3y ago> The boards, the CEOs, etc. these are not positions that truly need talent and shrewdness these are positions that exist for people to aspire to. And yet depending on who’s the people in these positions are the company might earn up to hundreds of billions more or less over a few years. The decisions Pichai does or does not make clearly can cost/bring in more than just 200-300 million. > These can all be replaced with collective bodies coming from the firm itself. Companies run by committees are generally notoriously bad at innovation (just look at Europe..)