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CEOs are running companies from afar even as workers return to office

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Re: CEOs are running companies from afar even as workers return to office

#151
So the new Starbucks CEO gets $150 million up front. That's about $4,000 per retail outlet, which is probably not too bad.

If anybody sees him in a Starbucks retail location, post that to social media. Let's see if he gets out much to check on things.

Re: CEOs are running companies from afar even as workers return to office

#152

Workers should not return to the office. WFH or remote work should be permanent for all -- CEOs and low level staffers.

This article isn't about WFH. The CEOs are in office, but commute from another city during the workweek.

Re: CEOs are running companies from afar even as workers return to office

#154

Earlier quoted context omitted.

Everyone on this site is so anti-C-suite it's crazy. All the standard "big company CEO bad, me entry level employee good" talking points. You would think that a site based on entrepreneurship would have people on it that have more of an understanding of what running a business is actually like.

> Everyone on this site is so anti-C-suite it's crazy. All the standard "big company CEO bad, me entry level employee good" talking points. This condescending "entry level employee good" thing is total nonsense. It's absolutely common for many 30 year career stretches to never actually see a decent hard-working executive out in the wild. And if you do actually encounter one, then there's a decent chance that you also…

> It's absolutely common for many 30 year career stretches to never actually see a decent hard-working executive out in the wild.

Really? In my bubble this is far from common and more likely ignorance to what executives are doing. Execs tend to become so because they are highly motivated people willing to dedicate themself to their jobs.

I had an employee once would would constantly complain about their old bosses, all of them as far as I could see. He was a really smart guy with potential but so negative about anyhting leadership. One day I decided to roll the dice and said something like "you always talk about how bad your bosses are, and no doubt you'll add me to the list when you move to the next company. Have you ever considered we all get a bad boss or two, but when every boss is bad maybe you're the problem not them". I knew this was a risky move but it worked. He took it on board and became a much better contributor and dropped this 'all bosses are bad' type approach.

Re: CEOs are running companies from afar even as workers return to office

#155

Earlier quoted context omitted.

> Executives work insane hours. Often quite a bit less than it looks on-paper when you remove the "working lunch" and "client dinner" and "meeting (at the country club)" and "reading emails while lounging on the private jet" bits.

Hypothetically, if all the CEO did was, once a quarter, take a private jet to meet a potential client in person for lunch - and just one of those 4 meetings actually landed a customer - but a $1 billion revenue customer - is that a problem for you? CEOs shouldn't be measured by hours clocked in, like a factory worker.

Most of the people on this site are not measured like that either; they're salaried employees. Nobody here is falsely claiming they work insane hours when they're spending all their time on recreation though.

Re: CEOs are running companies from afar even as workers return to office

#156
post #122
post #88

Earlier quoted context omitted.

The way I have started looking at it is CEOs/founders won the lottery. They control the keys, but they share a tiny fraction of the gold with the employees. I come to this conclusion, b/c I think its extremely rare that the 'best' person to be the executive on day0 is rarely the 'best' person to be an executive in every stage of a company's lifecycle. but the executives can cling on, b/c they have low accountability…

Chipotle's stock dropped 10% and Starbucks's rose 25% when the CEO switched from one to the other this past week. If this guy is just a meritless lottery winner, then you can make a lot of money betting against the market and the extremely large group of heavily motivated and intelligent investors who think otherwise.

Ah yes, the "if you're truly right clearly you would be rich using that information to trade" argument. Would you be willing to consider that the market is not always smart or a good measure of how we should value things?

Re: CEOs are running companies from afar even as workers return to office

#157

Workers should not return to the office. WFH or remote work should be permanent for all -- CEOs and low level staffers.

[flagged]

I see no reason why the "privileged laptop class" cannot have their quality of life improved still further. We don't stop at trying to help the "privileged potable-water-having class" or the "privileged sheltered class". If it's not hurting anyone else, why call it out?

Re: CEOs are running companies from afar even as workers return to office

#158

Earlier quoted context omitted.

Everyone on this site is so anti-C-suite it's crazy. All the standard "big company CEO bad, me entry level employee good" talking points. You would think that a site based on entrepreneurship would have people on it that have more of an understanding of what running a business is actually like.

It's difficult to explain to people how much it sucks to be on call 24/7 forever. Yeah, I've done less than two hours of work, but that doesn't mean I had 22 hours of free time.

Are you actually on call? Like, do you have a beeper next to you? Will you suffer consequences if you don't respond? There is "oh things aren't going great I guess I need to cut my vacation to Austria short" and then there is "I cannot go out for drinks, I cannot take a nap, I must have my company laptop with me and with good Wi-Fi" on-call. Oh, and for the latter you're getting paid a few hundred an hour at best. Just putting that out there.

Re: CEOs are running companies from afar even as workers return to office

#159
post #122

Earlier quoted context omitted.

Chipotle's stock dropped 10% and Starbucks's rose 25% when the CEO switched from one to the other this past week. If this guy is just a meritless lottery winner, then you can make a lot of money betting against the market and the extremely large group of heavily motivated and intelligent investors who think otherwise.

Ah yes, the "if you're truly right clearly you would be rich using that information to trade" argument. Would you be willing to consider that the market is not always smart or a good measure of how we should value things?

Would you be willing to consider that some half baked theory about why CEOs are the manifestation of luck is actually just an unhealthy way of coping with failures?

Re: CEOs are running companies from afar even as workers return to office

#160
I misread the title as "CEOs are ruining companies from afar...", and found myself agreeing.

I sense that, CEOs are often ignorant of day-to-day (and even month-to-month) realities of what's going on in their own company (probably unavoidable at large corps).

Basically, they have an "astronaut's eye view", so their decisions/strategy are essentially just them operating while untethered to Reality, just going off of intuition. Sometimes, that guides them well, and they do a good job of "running things". Other times, they're just "ruining things"

When they do the former, the public valorizes them, and when they fail... well, they get to try again ¯\_(ツ)_/¯

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