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> Maybe you could chase after the CTO if they had policies which directly lead to this issue. > It's not really fair to blame any one particular person These

> Maybe you could chase after the CTO if they had policies which directly lead to this issue. > It's not really fair to blame any one particular person These are literally the very circumstances that we were presented with as reason why executive compensation is astronomical. It's all that responsibility they have to assume in times like these, right? They're supposed to fall on their sword, and whoever replaces them is supposed to make damn sure shit like this doesn't happen on their watch. The pay and parachutes ensure they land on their feet. The reason nothing ever changes is because these clowns never get in trouble. If you want that $10M salary, you better make sure everyone under you is doing their part to ensure events like this don't happen-- or you get dethroned. Does China still sell melamine-tainted baby formula? We've been conditioned to just let our leaders stay in command after plowing into icebergs-- while they blame and execute the engineers shoveling coal below deck.

kulahan 3y ago
Nobody is getting paid that much because anyone is realistically expecting a CEO to watch every action taken by every employee. The reason CEOs get paid so much is because it was discovered that luring them to a company with big paychecks results in higher dividends, and we've swung in that direction on investments. The solution isn't to randomly start blaming CEOs for things they had no realistic control over, it's to swing in the other direction of putting more money towards workers by taking it away from pure growth-oriented goals.
- null0pointer 3y ago
  I feel like the available data is way too scarce to attribute positive results to any individual executive with any degree of statistical significance. Do you know if there’s been research done on this? My perception is that it’s really really hard to differentiate between someone who’s genuinely a force to be reckoned with and someone who’s just in the right place at the right time. After their first success they can hop around between companies from executive role to executive role playing it safe and riding the gravy train just by not fucking it up. I’d be interested if anyone can provide examples of executives that consistently trigger inflections in a company’s performance within say 2 years of joining across multiple companies. I’m genuinely curious.

kulahan 3y ago

Nobody is getting paid that much because anyone is realistically expecting a CEO to watch every action taken by every employee. The reason CEOs get paid so much is because it was discovered that luring them to a company with big paychecks results in higher dividends, and we've swung in that direction on investments. The solution isn't to randomly start blaming CEOs for things they had no realistic control over, it's to swing in the other direction of putting more money towards workers by taking it away from pure growth-oriented goals.

null0pointer 3y ago
I feel like the available data is way too scarce to attribute positive results to any individual executive with any degree of statistical significance. Do you know if there’s been research done on this? My perception is that it’s really really hard to differentiate between someone who’s genuinely a force to be reckoned with and someone who’s just in the right place at the right time. After their first success they can hop around between companies from executive role to executive role playing it safe and riding the gravy train just by not fucking it up. I’d be interested if anyone can provide examples of executives that consistently trigger inflections in a company’s performance within say 2 years of joining across multiple companies. I’m genuinely curious.