3 ms·

CEOs should to be held responsible

basementcat 2y ago
The CEO is primarily responsible to [maximize profits for] shareholders, not necessarily to benefit patients. If shareholders wish for better care to be provided to patients, I’m sure they would be happy to accept a lower rate of return on their investment.
- superb_dev 2y ago
  Oh okay, system is working as intended and there are no problems!
- xenihn 2y ago
  Are you saying the shareholders should be held responsible then? Isn't taking responsibility the reason that the CEO is being paid by them?
  - basementcat 2y ago
    Shareholders of publicly traded businesses have governance power; they can vote for or against board members and policy documents. Perhaps this is one of the concerns with the rise of index funds— fewer investors make use of their governance power and the index funds just vote according to the recommendations of the current board.
- nso 2y ago
  It's almost like profits shouldn't be part of the equation when we are talking about humans lives and health. Noone should enrich themselves on others not getting the health care they need, and those who do it today are morally bankrupt -- and society should fight back.
- tux3 2y ago
  You're painting a picture of CEOs and their investors as an ontological evil, not by choice, but by unavoidable virtue of their role. This could've been searing satire, had you intended it that way.
- jryb 2y ago
  Morality doesn't stop applying just because you agreed to accept money in exchange for hurting people.
- taylodl 2y ago
  I recommend reading Built to Last https://www.amazon.com/Built-to-Last-Jim-Collins-audiobook/dp/B0813QCVN9/ref=sr_1_1?crid=6IBP7TZO31RI&dib=eyJ2IjoiMSJ9.1lFVHqK4lD_0aRZ08e0hFo0zhaFp_6zQ0pRZ2tgZov_GM5_WqIrMzJxKU8nHuUejNxAWr1u1C1T0iy8aykEPDYYvPtBoEF0qh-r3EralH6d47xBN_8_yCQu1mMRbgCttxcEqrqTmOnyhEZITA9VvgF6y5iDrN7dkPB8stGPHv0tjuyK3ArtyP0bcMWRmGsyKNndU73fQImbDVLVShJ0zSzgehj38SMaDqq3sgPROrYI.zt96zfmOw_TKS49YCeaN40907ZPH_iMDRtbDFgeKb2c&dib_tag=se&keywords=built+to+last&qid=1735940321&sprefix=built+to+last%2Caps%2C148&sr=8-1 https://www.amazon.com/Built-to-Last-Jim-Collins-audiobook/d... It'll do a much better job than I can in showing why your thinking is so wrong-headed
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surgical_fire 2y ago
Last time someone held a CEO truly responsible he was arrested. I nonetheless agree CEOs should be held responsible.

The CEO is primarily responsible to [maximize profits for] shareholders, not necessarily to benefit patients. If shareholders wish for better care to be provided to patients, I’m sure they would be happy to accept a lower rate of return on their investment.

superb_dev 2y ago
Oh okay, system is working as intended and there are no problems!
xenihn 2y ago
Are you saying the shareholders should be held responsible then? Isn't taking responsibility the reason that the CEO is being paid by them?
- basementcat 2y ago
  Shareholders of publicly traded businesses have governance power; they can vote for or against board members and policy documents. Perhaps this is one of the concerns with the rise of index funds— fewer investors make use of their governance power and the index funds just vote according to the recommendations of the current board.
nso 2y ago
It's almost like profits shouldn't be part of the equation when we are talking about humans lives and health. Noone should enrich themselves on others not getting the health care they need, and those who do it today are morally bankrupt -- and society should fight back.
tux3 2y ago
You're painting a picture of CEOs and their investors as an ontological evil, not by choice, but by unavoidable virtue of their role. This could've been searing satire, had you intended it that way.
jryb 2y ago
Morality doesn't stop applying just because you agreed to accept money in exchange for hurting people.
taylodl 2y ago
I recommend reading Built to Last https://www.amazon.com/Built-to-Last-Jim-Collins-audiobook/dp/B0813QCVN9/ref=sr_1_1?crid=6IBP7TZO31RI&dib=eyJ2IjoiMSJ9.1lFVHqK4lD_0aRZ08e0hFo0zhaFp_6zQ0pRZ2tgZov_GM5_WqIrMzJxKU8nHuUejNxAWr1u1C1T0iy8aykEPDYYvPtBoEF0qh-r3EralH6d47xBN_8_yCQu1mMRbgCttxcEqrqTmOnyhEZITA9VvgF6y5iDrN7dkPB8stGPHv0tjuyK3ArtyP0bcMWRmGsyKNndU73fQImbDVLVShJ0zSzgehj38SMaDqq3sgPROrYI.zt96zfmOw_TKS49YCeaN40907ZPH_iMDRtbDFgeKb2c&dib_tag=se&keywords=built+to+last&qid=1735940321&sprefix=built+to+last%2Caps%2C148&sr=8-1 https://www.amazon.com/Built-to-Last-Jim-Collins-audiobook/d... It'll do a much better job than I can in showing why your thinking is so wrong-headed

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surgical_fire 2y ago

Last time someone held a CEO truly responsible he was arrested. I nonetheless agree CEOs should be held responsible.