CEOs are the figurehead, they are virtually bound by law to act sociopathically - in the interests of their shareholders over everyone else. Carl Icahn also has an interesting take on a particularly upsetting emergent property of our system of CEO selection: dealbreaker.com/…/icahn-explains-why-are-there-so…
Comment on Most Americans think AI won’t improve their lives, survey says
count_dongulus@lemmy.world 3 weeks agoMayne pedantic, but:
Everyone seems to think CEOs are the problem. They are not. They report to and get broad instruction from the board. The board can fire the CEO. If you got rid of a CEO, the board will just hire a replacement.
MangoCats@feddit.it 3 weeks ago
Zorque@lemmy.world 3 weeks ago
And if you get rid of the board, the shareholders will appointment a new one. If you somehow get rid of all the shareholders, like-minded people will slot themselves into those positions.
The problems are systemic, not individual.
MangoCats@feddit.it 3 weeks ago
Shareholders only care about the value of their shares increasing. It’s a productive arrangement, up to a point, but we’ve gotten too good at ignoring and externalizing the human, environmental, and long term costs in pursuit of ever increasing shareholder value.