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I contend that even if he is a scapegoat, this should be considered a good thing. It's not enough to let them off the hook, but I don't think anything would be.
by philipov 3y ago
I contend that even if he is a scapegoat, this should be considered a good thing. It's not enough to let them off the hook, but I don't think anything would be. However, needing to scapegoat someone is a materialized cost to a verifiable person in power. It is a precedent the next CEO and chair will have to pay attention to. They will need to be more careful in the future when they try to rip off their business partners.
This situation is being watched by all the other executives out there at other companies, who are just waiting for a moment where they think they could get away with the same thing. This resignation is a loud and clear "don't you dare!"
- starttoaster 3y agoI'm not so certain that the resignation is a loud and clear "don't you dare," though. Career CEOs will land on their feet by finding a new business to champion. In the meantime, I'm fairly certain they would have been granted a monetary incentive to resign that's probably paying for a sabbatical in a nice resort somewhere before returning to work with a "new vision as a changed person." Perhaps that's just my skepticism leaking out though. Obviously none of us know the exact details of their departure. Perhaps you're even right.
- philipov 3y agoWe'll just have to wait and see, remain vigilant, and become organized.