2124
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Sep 2023
2124 points (99.0% liked)
Technology
59298 readers
1847 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It will cost them in future earnings... Companies won't want to work on their platform if these policies are still in place... and many will never want to work with them again since they've shown their hand.
That is what makes me think there's something more to this.
I think rival companies might groom CEOs that get hired by their competitors but whom, secretly, are paid by the rivals to destroy the companies from within.
Perhaps I'm wrong but that's the only explanation I've been able to come up with that makes any sense to me.
The CEOs don't need to be paid by other companies. All a competing company needs to do, is to convince some company's board members to hire a CEO with a track record that they know will tank the company... maybe through indirect lobbying, maybe by hinting they want to hire them because it's "such a valuable CEO"... and bam!
CEO ruins company, then bails on a golden parachute, and you only had to spend whatever it took to mislead the competing board.
(I've seen it done to tiny companies with as few as 20 workers, it's surprisingly easy to convince a board to hire someone who will destroy everything)
What's the point to do this ?
To destroy the competition.
How does one insulate a company from corrupted CEOs?
Technically that's what a board of directors is for. They are the ones who can axe a CEO and hire another.
Yet they're not capable of sussing out bad actors before hiring them, so how is a board a good system?
It's good on paper, so long as a critical number of them aren't bad actors. You kinda got the same problem with US politics at the moment. It works until it doesn't, like everything else.
It seems clearly nothing works.