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> Unpopular decisions end business careers too. True, but business leaders are not elected, and can therefore make broadly unpopular decisions with the backing
by saltysalt 3y ago
> Unpopular decisions end business careers too.
True, but business leaders are not elected, and can therefore make broadly unpopular decisions with the backing of their boards and shareholders. In fact I believe its required. For example: redundancies are unpopular, but can benefit the share value.
- thenerdhead 3y agoNo single person is making those decisions. Not even the CEO. And yes, business leaders are elected by the board they represent.
- saltysalt 3y agoYour missing the key point that the incentives are different: the board are electing the CEO to protect their investment, not to be a popular leader.
- thenerdhead 3y agoHow do you think most public companies protect their investments? By electing a popular leader.
- saltysalt 3y agoI offer Elon as a counter-example.