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Accountable... to the board, who are loving the efficiencies. Who's upset with this CEO's actions besides the families affected by it, who have no power indivi
by wahnfrieden 3y ago
Accountable... to the board, who are loving the efficiencies.
Who's upset with this CEO's actions besides the families affected by it, who have no power individually over anything to hold him accountable? They're his capital resources. Executives aren't accountable to that.
- parsimo2010 3y agoBut what about being held accountable for all the “significant investments” that didn’t pan out into the expected revenue? The board may be happy that the layoff cuts cost, but is the board happy with a CEO that has made multiple bad bets?
- echelon 3y ago> is the board happy with a CEO that has made multiple bad bets? Which bad bets?
- parsimo2010 3y agoWhichever are the ones mentioned in the article: “Since 2019, we’ve made a number of big bets across the company … Some of the significant investments we’ve made aren’t paying off the way we expected them to.
- frankish 3y agoRiot Games actually changed CEOs in 2023. https://www.riotgames.com/en/news/announcing-dylan-jadeja-riot-games-next-ceo https://www.riotgames.com/en/news/announcing-dylan-jadeja-ri...
- HDThoreaun 3y agoTech companies are supposed to take bets. Not all of them will pay off, that’s what makes them bets. So yes, most tech investors are happy to see their companies have failed bets.