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Ending the cult of the CEO

managementtoday.co.uk

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Re: Ending the cult of the CEO

#181

Post by WalterBright »

jernfrost wrote: post #167
WalterBright wrote: post #130

Earlier quoted context omitted.

Taxes went up, class mobility went down.

Marginal tax rate in the US has fallen like a rock since Reagan got into government. The exact same time class mobility went down as well. If you look at the statistics class mobility is highest in high taxed Nordic countries. Low tax anglo-saxon countries are usually pretty bad at this. The UK follows much of the same ideology as the US and also has among the lowest mobility in Europe. It is nothing weird about this…

The marginal income tax rate is only a small part of the taxation story in the US.

http://www.usgovernmentspending.com/us_20th_century_chart.ht...

Note the ever larger share of government spending as a percentage of the GDP. This doesn't happen unless taxes, in one way or another, go up.

Re: Ending the cult of the CEO

#182

Post by tertius »

dahart wrote: post #180
tertius wrote: post #174

Earlier quoted context omitted.

As you saw I didn't say anything about insomnia. That was lazy reporting. I think we have a faulty premise at play (or just a disagreement.) > The main reason that CEOs have extra stress and get extra blame and get looked at to solve everything Is because they are CEOs. The buck stops with them.

Care to elaborate at all? That wasn't lazy reporting, the article made an intentional and consistent series of assertions intended to paint the CEOs life as unduly difficult compared to other people, insomnia is a conscious part of that narrative. What is lazy reporting, in my opinion, is completely ignoring the issue of CEO compensation. Even if you agree with current CEO compensation trends, it still needs to be ad…

No, I do not believe that there should be a linear relationship between compensation and stress.

And no, I didn't make a an original post about the article. I'm just addressing compensation.

Re: Ending the cult of the CEO

#183

Post by pixie_ »

Neliquat wrote: post #65
pixie_ wrote: post #21

I'd say the CEO acts as the primary role model and the employees/company often reflect the attitude of the CEO. Think of the workplace stereotypes of amazon - customer focused, google - side projects, spacex - mission, uber/oracle - aholes, apple - design, microsoft - developers , facebook - hackers, etc.. the CEO sets the tone and if you agree with it you'd probably like working there :)

Facebook = hackers?! To whom?

Like hoodies and hackathons, not like hacking into stuff.

Re: Ending the cult of the CEO

#184

Post by crush-n-spread »

throwaway_374 wrote: post #156
crush-n-spread wrote: post #151

Earlier quoted context omitted.

You don't know what you're talking about. CEOs have mortgages, healthcare, and families to worry about. They also have a handful of very demanding, very intimidating investors to please, to each of whom they owe millions, they have employees that are constantly getting poached, they have users that are shitting on their product online. At large, people are terrible. CEOs are working with these terrible, dumb, rude, a…

I was about to fly off the handle until I realised your sarcasm.

It's not sarcasm

Re: Ending the cult of the CEO

#185

Post by rhizome »

sorenjan wrote: post #108
JoeCortopassi wrote: post #72

Reasons why CEO's make millions and I don't: - Business Network: If I had a billion dollars, I would never have been able to acquire Instagram. I wouldn't even be able to get a seat at the table. Zuckerberg closed it in record time while talking to a company that wanted to be on it's own - Market Knowledge: I thought the iPad was the stupidest device ever, Steve Jobs didn't. I now have 4 at my house along with two of…

I think you're forgetting the most important reason: - The board members and CEOs are all part of the same club and is looking out for each other.

"The goal of business is to keep your buddies working, even if they're fuckin' idiots." --Roseanne Barr

Re: Ending the cult of the CEO

#187

Post by undersuit »

JoeCortopassi wrote: post #72

Reasons why CEO's make millions and I don't: - Business Network: If I had a billion dollars, I would never have been able to acquire Instagram. I wouldn't even be able to get a seat at the table. Zuckerberg closed it in record time while talking to a company that wanted to be on it's own - Market Knowledge: I thought the iPad was the stupidest device ever, Steve Jobs didn't. I now have 4 at my house along with two of…

>When Steve Jobs came down with cancer, he was required to disclose his medical details publicly because of the fiscal impact it could have on the public stock

Yeah that's why he waited 9 months and after his surgery to announce it. "there's no specific obligation under the federal securities laws to disclose the health condition of executives."

http://www.latimes.com/business/la-fi-qa-sick-executives-201...

Re: Ending the cult of the CEO

#188

Post by bshanks »

ryankennedyio wrote: post #89
kobeya wrote: post #62

Earlier quoted context omitted.

Investors in early-stage, non-public companies is pretty much limited to "the wealthy" in the U.S. due to regulatory restrictions.

For good reason, crowdfunding is really quite terrible (not the kickstarter kind): https://www.bloomberg.com/news/articles/2016-11-07/you-too-c...

Terrible? Is the expected return negative for large portfolios of crowdfunded companies? I ask because it's possible for expected returns on a portfolio to be good even if the the typical outcome for any individual investment within the portfolio is to lose all of the money in that investment.
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