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But 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 layo

by parsimo2010 3y ago

But 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 ago
  Whichever 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 ago
Riot 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 ago
Tech 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.