I’ve posted this time and time again: the CEOs most valuable function isn’t making decisions. It’s taking the fall when the company fucks up so the board can go “yup we replaced him” and continue to pull shady shit after a while
I’ve posted this time and time again: the CEOs most valuable function isn’t making decisions. It’s taking the fall when the company fucks up so the board can go “yup we replaced him” and continue to pull shady shit after a while
Swedneck@discuss.tchncs.de 3 weeks ago
more than that: the CEO can commit extreme amounts of fraud to benefit themselves and the board and all their friends, then when things get public and they can’t keep the CEO they LITERALLY BUY THEM OUT for hideous sums (which no doubt gets redistributed to the whole group of charlatans as well), then rinse and repeat with the next CEO.
And of course no one involved is paying their taxes properly, and probably there’s a bunch of government subsidies involved that end up in their bank accounts.
boonhet@lemm.ee 3 weeks ago
That’s pretty much exactly what I meant, yeah - except maybe the redistributing. The CEO makes the board rich with all the fraud and deceit before they even get their golden parachute. Pretty sure they’re gonna keep that for themselves.
Do fraud, earn 10 billion for the company, get caught, company pays a hundred million fine, you get a hundred million golden parachute, everyone’s happy except for all the plebs who got fucked over.