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I pretty adamantly disagree. A CEO is a specialized role just like any other. I wouldn't expect a developer to know the ins and outs of financial compliance, an
by jsonne 13y ago
I pretty adamantly disagree. A CEO is a specialized role just like any other. I wouldn't expect a developer to know the ins and outs of financial compliance, and the same holds for a CEO and specific compliance rules.
- bfe 13y agoElon Musk said accounting rules are the easy part of being a tech CEO. [1] Anyone smart enough to be a technical CEO is smart enough to get on top of the non-technological core functions of a company; and having the CEO on top of them will be better for the company. 1. From memory; it was on video and I can't find a text reference now; in reference to SpaceX already using strict enough accounting controls to be Sarbanes-Oxley compliant even though it's a private company, IIRC.
- auctiontheory 13y agoIt's not a question of "being smart enough." It's a question of focus and "having enough time." The CEO's job is to lead and delegate and manage, and to trust that the CFO and GC are on top of the details. Also, while Tesla and SpaceX are great, I'm not sure I'd unquestioningly accept every word Elon Musk says as absolute fact.
- ZachPruckowski 13y agoFundamentally you as CEO are quite literally signing your name to a heck of a lot of policies and financial statements. You don't need to know the exact details of a situation to want to get a second opinion before signing your name on something official and legal that you're mailing into DC.
- jsonne 13y agoWhich is why you delegate to people you trust like the article spoke about.
- rmrfrmrf 13y agoYikes.