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That was a bit of a revelation last year - I though most of the time CEO gets shares as compensation then he is tied to the company and in theory should work to
by ozim 3y ago
That was a bit of a revelation last year - I though most of the time CEO gets shares as compensation then he is tied to the company and in theory should work to make company profit because it is his profit.
Seems like for a lot of companies it is not the case but I can see that CEO type of guys can haggle really well and they call the shots as mostly it is companies that need them more than they need the company so they can disagree on having shackles.
- soco 3y agoA hard disagree on "companies that need them more than they need the company". A headless company can still run, a company-less CEO is nothing. But this is the culture we're in, paying the friends of the board millions regardless of their performance, because the board knows they get their backs rubbed as well.
- robertlagrant 3y ago> A headless company can still run, a company-less CEO is nothing Can you give an example of a headless company that's running fine?
- soco 3y agoCompanies change CEOs all the time. There's weeks and months until the next one is coming in. Pick any company, just any, and you have your answer.
- robertlagrant 3y agoYou're right - there are usually interim CEOs to fill the gap. I don't see how interim CEOs are relevant here, though.
- rvba 3y agoToo big too fail companies still run. Also they dont run fine, they just run.