I'm thinking of a Jadzia Dax in Star Trek: Deep Space Nine. Jadzia is among the lucky few among her race, the Trill, implanted with a "symbiote" carrying the memories of all of its previous hosts. Carrying a symbiote is an unrealized dream for many Trill who wash out of the rigorous application and training process and are told they're incompatible. In one episode, one such disgruntled fellow tries to steal Jadzia's.…
Many companies aren’t prepared to replace underperforming CEOs
111–120 of 252 posts
Re: Many companies aren’t prepared to replace underperforming CEOs
#112Earlier quoted context omitted.
I really think everyone under any manager/director/VP (directly or indirectly via skip levels) should be able to call a "vote of no confidence" and get them replaced with a majority vote. It's the only way to combat clueless leaders and raise issues like this.
corporations are not democratic institutions
Re: Many companies aren’t prepared to replace underperforming CEOs
#113Earlier quoted context omitted.
I like to believe Apple under Jobs was different.
I think Apple is excluded when Jobs was there, as an innovative company. The iPhone, iMac, Macintosh, etc. Along with that, theres exceptions to every rule.
Re: Many companies aren’t prepared to replace underperforming CEOs
#114I'm thinking of a Jadzia Dax in Star Trek: Deep Space Nine. Jadzia is among the lucky few among her race, the Trill, implanted with a "symbiote" carrying the memories of all of its previous hosts. Carrying a symbiote is an unrealized dream for many Trill who wash out of the rigorous application and training process and are told they're incompatible. In one episode, one such disgruntled fellow tries to steal Jadzia's.…
I mean, we don't need to pay them that much. These obscene salaries weren't the norm a few decades ago. They're the end result of Reaganite tax policies failing to tax super-high-earners progressively.
Re: Many companies aren’t prepared to replace underperforming CEOs
#115Earlier quoted context omitted.
> Maybe I just have more to learn... As someone who has been with large multi-nationals for a very long time let me give you some examples. 1) "failing up". Sometimes you cant deal with your manager or the situation except to make them look good, and eventually they get promoted up and out of your way. 2) "Protected class" Think "nepotism". Let's say that "B" doesn't do well, but he is very close to the "CxO". who in…
Best move in (2) cases, I have been thinking, is to move them aside: have them do exploratory work and perhaps not have people under them.
Eventually they land somewhere and it doesn't take long to figure out the deal and then they start working on a strategy on how to move them somewhere else.
Obviously the person i responded to hasn't spent much time with a large org to see this first hand.
Re: Many companies aren’t prepared to replace underperforming CEOs
#116The company board’s sole job is to hire and fire the CEO when appropriate: https://reactionwheel.net/2021/11/your-boards-of-directors-i... However, having been on a team that prepares board materials and also having presented to a company board, I can tell you that the information they receive is extremely carefully managed in a way that allows responsibility to seem to flow downwards rather than upwards. What you se…
I've been in preparation of board materials for Fortune 100 companies (primarily for the audit committee) and honestly that is not my experience.
Re: Many companies aren’t prepared to replace underperforming CEOs
#117Earlier quoted context omitted.
Managing other people can be difficult, especially when you need to make decisions that are in the best interest of the organization (and its owners), but what may not necessarily be a popular choice among the employees you are responsible for. Often times "clueless leaders" actually do have a clue, it's just that their decisions have to consider other factors, not just what is best for you . It can really suck to be…
I worked one place where they brought in a new director who wasn't functionally competent. I have theories of why which are all probably partly true. Like he saw actually engaging and managing his division as a distraction from social engineering a lateral move up the ladder. Eventually everyone under him in mass went to his boss and HR and told them flat out he needed to go. And the company did nothing for 18 months…
Re: Many companies aren’t prepared to replace underperforming CEOs
#118Earlier quoted context omitted.
Can you provide some examples of where a labour union has went on strike to remove a C-Level person? I eagerly await your examples.
A strike wouldn't be to remove a C-level as much as really drill home the consequences of poor decisions. Individuals are still too lenient in letting themselves go through the burnout treadmill for the upper trenches to feel it.
- More money
- Better job security
Like the one taking place here right now
"On October 30, 2022, the Canadian Union of Public Employees (CUPE), issued a strike notice, after the Government of Ontario refused their demands for an 11.7% salary increase alongside other requests for improved working conditions."
They are not after any "change" to how things are done, just a massive 11.7% pay hike every year for the next 4 years.
Again, any example of a strike which was to force the replacement of a C-Level?
Re: Many companies aren’t prepared to replace underperforming CEOs
#119I'm thinking of a Jadzia Dax in Star Trek: Deep Space Nine. Jadzia is among the lucky few among her race, the Trill, implanted with a "symbiote" carrying the memories of all of its previous hosts. Carrying a symbiote is an unrealized dream for many Trill who wash out of the rigorous application and training process and are told they're incompatible. In one episode, one such disgruntled fellow tries to steal Jadzia's.…
How much of C-suite job effectiveness is who you know?
Re: Many companies aren’t prepared to replace underperforming CEOs
#120I'm thinking of a Jadzia Dax in Star Trek: Deep Space Nine. Jadzia is among the lucky few among her race, the Trill, implanted with a "symbiote" carrying the memories of all of its previous hosts. Carrying a symbiote is an unrealized dream for many Trill who wash out of the rigorous application and training process and are told they're incompatible. In one episode, one such disgruntled fellow tries to steal Jadzia's.…
I’ve worked with several CEOs and countless senior executives, both at very large companies and small, who had varying degrees of competency. I don’t think this is generally true. Being successful at that job entails a specialized skill set that is rarely evident in middle management. What you are “managing” at the most senior levels of large organizations is very different than as a middle manager, it becomes an entirely different kind of role. The vast majority of people aren’t even able to competently run a small company or startup, never mind a large enterprise.
I think very few people are really cut out for that role. It is a case where demand exceeds supply, which drives up prices. There are many mediocre people in those roles because supply is so scarce.