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Boards are often toothless though, just look at Tesla's. Replace the C-suite. This is done frequently in M&A's and other corporate strategies in extremis. Fire
by davedx 2y ago
Boards are often toothless though, just look at Tesla's.
Replace the C-suite. This is done frequently in M&A's and other corporate strategies in extremis. Fire the guys at the top and replace them with people with good track records.
- ryandrake 2y agoYou can rotate people in and out of the C-suite, but incentives and culture aren’t going to change. These people are largely figureheads that get paid a lot of money because they are Ivy Leaguers whose friends on company boards who set their salaries are all Ivy Leaguers, too. It’s not like Boeing is going to get a new CEO and then suddenly middle management is going to start prioritizing safety, engineering rigor, and risk management over profit.
- quotemstr 2y agoCounterexample: Nadella
- fwip 2y agoIf the new CEO doesn't want to go to jail, then they'll make the changes.
- davedx 2y agoWho do you think sets the incentives? This conversation is so weird to me, I don't get what people are arguing: is the argument that it's better to replace middle management than top level management? That we shouldn't do anything? What?