21–30 of 252 posts
I imagine with the various golden parachute clauses and valuable social connections with other companies (I'd wager there's some skeletons in closets being held hostage too), it's too damned expensive to let a CEO go for anything less than a scandal.
In theory the Board's only job is to fire the CEO (and hire the next one) but if you've ever been to a board meeting they hardly are like that at all. They mainly are to align the company's "journey" with the "journey" of all the other companies the board members are involved with.
Theres no accountability above a certain level. In a stable business (am excluding new innovations), proving or disproving the performance of an entire org, let alone company, is extremely difficult. Individual contributors are much easier to judge, and thus live lives of sub-ordinance. Their inputs and outputs can be easily mapped. The trick of working, and thus living a nice life, is to rise to a level of plausible…
CEO is the easiest to measure, because you just pass through how the company as a whole is performing against it's goals.
One of the C-level guys at my current company should have been replaced a while ago. He ruins everything he touches but he's also one of the founders. There are virtually no processes for anything which makes him untouchable. Whenever he fucks up, some PM or low level manager is fired due to their "low performance". Is there anything non C-levels can do about it? Honestly I don't think so, all you can do is avoid the…
One of the C-level guys at my current company should have been replaced a while ago. He ruins everything he touches but he's also one of the founders. There are virtually no processes for anything which makes him untouchable. Whenever he fucks up, some PM or low level manager is fired due to their "low performance". Is there anything non C-levels can do about it? Honestly I don't think so, all you can do is avoid the…
Theres no accountability above a certain level. In a stable business (am excluding new innovations), proving or disproving the performance of an entire org, let alone company, is extremely difficult. Individual contributors are much easier to judge, and thus live lives of sub-ordinance. Their inputs and outputs can be easily mapped. The trick of working, and thus living a nice life, is to rise to a level of plausible…
Wut? At higher level in an organization, there is a much greater chance that you will be fired for things that you really have little control over. Now, at the highest levels, the compensation usually matches this level of uncertainty, sometimes with golden parachutes as well, so if you are fired you're still sitting pretty. But, for me, I wouldn't define "a nice life" with having to deal with that much stress as hav…
Theres no accountability above a certain level. In a stable business (am excluding new innovations), proving or disproving the performance of an entire org, let alone company, is extremely difficult. Individual contributors are much easier to judge, and thus live lives of sub-ordinance. Their inputs and outputs can be easily mapped. The trick of working, and thus living a nice life, is to rise to a level of plausible…
Wut? At higher level in an organization, there is a much greater chance that you will be fired for things that you really have little control over. Now, at the highest levels, the compensation usually matches this level of uncertainty, sometimes with golden parachutes as well, so if you are fired you're still sitting pretty. But, for me, I wouldn't define "a nice life" with having to deal with that much stress as hav…
Random idea- has any corporation operated with something akin to term limits?
In theory the Board's only job is to fire the CEO (and hire the next one) but if you've ever been to a board meeting they hardly are like that at all. They mainly are to align the company's "journey" with the "journey" of all the other companies the board members are involved with.
Discontinued website theyrule.net had a really cool visual web of board members of high profile companies [0]. Amazing how many board members of one company are board members of a handful of others. It's like there's a breed of person who is just "board member". [0] https://theyrule.net/
Typically known as "capitalists", the bourgeoisie, the 1%, etc.