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> And should mediocre CEOs that fail or otherwise perform poorly get golden parachutes? No, of course not. Oh but they do! That’s the rub. Also it’s very hand
by pixelatedindex 3y ago
> And should mediocre CEOs that fail or otherwise perform poorly get golden parachutes? No, of course not.
Oh but they do! That’s the rub. Also it’s very hand wavy to say “the CEO’s job is exceptionally difficult”. But that person has a whole bunch of people bringing him ideas and trying to improve the company. In fact, that’s how you even get promoted. So they pick a bunch of things to do. If it doesn’t go well and the stock tanks, the first person to leave are the workers and not the CEO. In fact, in almost every case the CEO is the last to get affected. Win or lose for the company, the CEOs only win.