this post was submitted on 09 Oct 2023
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Pisses me off that CEOs never get fired for their bullshit and get to "retire" or "resign" like they didn't just make the most boneheaded decision that severely hurt the company.
There really needs to be some organizational structure where the CEOs have the power to make the decisions they make, but the employees have the power to punish and fire them when they do shit like this. No golden parachutes for them!
This is actually wrong. There's a near 100% chance that the decision was made by the board, and also the decision to remove the CEO. So we're talking about the fall guy, but being an insider, the fall guy will get a tidy sum for the dive
Then the CEO can be recycled to some other project, and a new CEO instated at Unity, so they can pivot or double down with no moral dilemma. In reality, the board was there all along and it's all a big PR game
Ackshually!
CEOs are beholden to the shareholders, not the employees
Yes, I understand that's the current structure. I'm saying there needs to be a new structure where CEOs can't make greedy decisions with impunity. Clearly the idea that the board is supposed to prevent that doesn't work because this story is all too common.