3 ms·
Yet, many CEO-s seem to be appearing again and again (even bad ones as others pointed out). I do not know many, but the few CEO-s I have personally interacted w
by vladms 3y ago
Yet, many CEO-s seem to be appearing again and again (even bad ones as others pointed out). I do not know many, but the few CEO-s I have personally interacted with seem completely driven by the wish to succeed, having some form of lacking empathy, being very optimistic and being a bit charismatic.
With such traits potential punishments will not work great (they will just think "it will never happen to me"), hence it is why I think rewards are used more, but mostly as a form of measuring "success". After couple of millions it is not really about the money but about being more "successful" than the others.
- johnnyanmac 3y agoThey can still crash to the ground, but the main factor I care more about is not burning the working class along the way. All the higher class CEO firings tended to come with mass layoffs, if not the company shutting down. So the hard worker who was hoping for a promotion was not only denied but let go because of decisions beyond their control. Something like a wage floor means that success benefits all workers who can then rise up there or in future ventures. And if it crashes the employees benefitted somewhat from the peak as opposed to today where even an inflation based raised isn't guaranteed. That can also be done with minimum wage laws, but this is a way to keep the hyper successful in check without necessarily impacting smaller business who can legitimately only offer the bare minimum.