Well what ends up happening is some company will have a CEO.
He’ll make all the stupid decisions. But they’re only stupid from everybody ELSES perspective.
From his perspective, he uses AI, tanks the companies future in the chase of large short term stock gains. Then he gives himself a huge bonus, leaves the company, gets hired somewhere else, and gets to say “See how that company is failing without me? That’s because I bring value to the brand.”
So he gets hired at the neeeext place, meanwhile that first company is failing because of the actions of a CEO no longer employed there, and whom bailed because he knew what was coming.
These actions aren’t stupid. They’re plotted corruption for the benefit of one.
What’s really stupid about this cycle is that some of these fail-upward executives genuinely believe the crap they’re spewing. Weirdly, I think I respect the grifting executives more
I used to work with a supplier that hired a former Monsanto executive as their CEO. When his first agenda came out I told their sales team them they were idiots to have fun looking for a new job a few months.
The CEO bailed after 2 years to start his own “consulting business.”
1 year later the company lost 75% of their market share and was laying off people left and right. They are still afloat barely.
After a couple years “consulting”, the CEO went to another company in 2023. He didn’t bounce fast enough and got caught on this one. He was fired 2 weeks ago and the company shut their doors except for a handful of staff to facilitate the firesale of the companies assets.
Lost_My_Mind@lemmy.world 1 week ago
Well what ends up happening is some company will have a CEO.
He’ll make all the stupid decisions. But they’re only stupid from everybody ELSES perspective.
From his perspective, he uses AI, tanks the companies future in the chase of large short term stock gains. Then he gives himself a huge bonus, leaves the company, gets hired somewhere else, and gets to say “See how that company is failing without me? That’s because I bring value to the brand.”
So he gets hired at the neeeext place, meanwhile that first company is failing because of the actions of a CEO no longer employed there, and whom bailed because he knew what was coming.
These actions aren’t stupid. They’re plotted corruption for the benefit of one.
AnarchistArtificer@slrpnk.net 1 week ago
What’s really stupid about this cycle is that some of these fail-upward executives genuinely believe the crap they’re spewing. Weirdly, I think I respect the grifting executives more
The_v@lemmy.world 1 week ago
No that never happens /S
I used to work with a supplier that hired a former Monsanto executive as their CEO. When his first agenda came out I told their sales team them they were idiots to have fun looking for a new job a few months.
The CEO bailed after 2 years to start his own “consulting business.”
1 year later the company lost 75% of their market share and was laying off people left and right. They are still afloat barely.
After a couple years “consulting”, the CEO went to another company in 2023. He didn’t bounce fast enough and got caught on this one. He was fired 2 weeks ago and the company shut their doors except for a handful of staff to facilitate the firesale of the companies assets.