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A CEO is an employee just like any other and reports to the shareholders. It's just that they're typically also a shareholder.
by Tade0 7mo ago
A CEO is an employee just like any other and reports to the shareholders.
It's just that they're typically also a shareholder.
- fn-mote 7mo agoI don’t think this is about jobs. I think this is about information, power, and access to power. The way a company with a bad C-suite gets fixed is by being competed out of existence. The way workers with bad bosses can fix that is imo limited, mostly to “find another job”. I’m curious if anyone has ever heard of “complain to the board during the CEO’s renewal phase” being successful. It didn’t happen at places I know about.
- lotsofpulp 7mo agoThe way that happens is you have enough money to buy enough shares to have enough votes to force a change in the board. Usually referred to as "activist shareholders" or "corporate raiders" whatnot. https://www.inc.com/bill-murphy-jr/an-activist-investor-forced-giant-changes-at-southwest-airlines-now-its-cashing-out/91301904 https://www.inc.com/bill-murphy-jr/an-activist-investor-forc... https://www.investopedia.com/top-10-activist-investors-in-the-us-5083258 https://www.investopedia.com/top-10-activist-investors-in-th...
- BigTTYGothGF 7mo ago> just like any other I don't think this is true in any meaningful sense.