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A bot that barely pays attention to what I just wrote and just kinda does word association could replace my boss? Actually, that sounds about right.
Iâd said for years that you could replace most CEOs with a random number generator and just save a lot of money with no downsides, and this is just a slightly better version of that so I feel vindicated
In 90+% of companies the CEO is an active liability who is unlikely to do anything but harm, while being a massive expense to keep on payroll. If any company tried to actually maximize profits step 1 would be firing your CEO or changing their pay to be the minimum entry level you pay your employees, because itâs universally the job with the lowest requirements in a company. If there is one job in any company that you could pick any person of the street and theyâd do as good if not better than who you currently have itâs CEO. The only reason this doesnât happen is because the fox is guarding the hen house, and obviously CEOs arenât going to decide to eliminate their own positions.
For larger corporations I imagine a lot of the operational side does not need much guidance. Actions taken by the C-suite or consultancies that have positive outcome I imagine are in the overwhelming majority of cases taking credit for normal growth, or in crisis periods just regression to the mean.
I remember someone recently crediting Starbucks's revenue growth in an era in the wake of the great recession and when unemployment rapidly declined as being due to a logo rebrand. And it's like do you seriously not check other economic factors. The notable change in revenue growth is a decline during the great recession and a catch up after.
the fox is guarding the hen house, and obviously CEOs arenât going to decide to eliminate their own positions
This is a great point. The only people who could be adequately critical of a CEO aren't in a position to oust them, and the ones who are in that position are huffing the same paint as the CEO.
But management is a real skill, as is running a large organization. "CEOs are rock stars that radically improve companies singlehandedly" is a bad take, but so is "anyone off the street could do a competent job running a national company."
"anyone off the street could do a competent job running a national company."
I think their point was "anyone off the street could do just as bad of a job running a national company."
Itâs not so much âanyone off the street could do a competent job running a national companyâ as much as âthe average CEO is no better at doing a competent job running a national company than a random person off the street, and are often actively worse than randomâ
Itâs the same as Congress. Our current system actively selects for people who are bad at the job, so in comparison to that a random lottery would be an improvement.
I see what you're saying. Although I think it's a mistake to think that CEOs aren't usually good at their jobs; it's more that their jobs are to generate short-term returns for shareholders, not to keep the company healthy long term. A lot of what we see as incompetence or short-sightedness is them doing what they're really paid to do. You can say similar things about Congress.
But management is a real skill
80% of being a good manager is navigating the dumb ass enviroments people above you have created so your team can still function, which is to say, you don't need to do that as a CEO
There should be a lot of proactively checking in with the people you manage and addressing/heading off problems, plus seeing what their priorities are. Training and assessment (which requires a lot of attention to do well) are big, too.
Not underselling the drain of "manager your manager" stuff, but there's a lot of other real tasks, too. I'm in a job where a number of those I mentioned are lacking and their absence creates a ton of issues.
There should be a lot of proactively checking in with the people you manage and addressing/heading off problems, plus seeing what their priorities are.
I'd argue that takes around 10% of a given week unless you start micromanaging deeply
raining and assessment (which requires a lot of attention to do well) are big, too.
Training takes a lot of work but I'd argue if you're a good manager a constant need to train new people points back at shitty work enviroment you have to deal with. You keep nigh the same team for like 3 years and in the grand scheme of things job training is not really eating up your hours
A lot of this is very dependent on the type of work and how many people you're managing.
True, true, however I'd argue anything over like 5 - 10 people or so is organisational failure again because it just becomes unmanageable for above reasons
Not that it don't happen, don't get me wrong, but that's just squeezing people
It's really hard to make general statements because of the variance in work environments. A big box store, a large restaurant, a factory, a mine, an agricultural job, etc. may have quite a few more people than 10-15 working per shift, but may only require one manager per shift. Those are the areas where managerial work is light (as you pointed out) so you can scale up without adding much more of it. I can also think of more complex jobs where workers are pretty self-contained (law, accounting, medicine), where if your workforce is experienced enough you may need only light managerial work.
may have quite a few more people than 10-15 working per shift, but may only require one manager per shift. Those are the areas where managerial work is light (as you pointed out) so you can scale up without adding much more of it.
I disagree heavily here, again. It's just all of those people are getting fucking fleeced because nobody wants to pay for a foreman. Join a Union, folks.
A dozen executives in tailored suits nod and murmur in agreement as the CEO announces they are adding glue to the pizza recipe.
(one of) the scary things about these models is how little your average person understands/cares to learn how they work and what their limitations are. I know that's a lot to ask, but then you hear about things like this and :agony: people are definitely getting fucked for no reason, because people see these models as like Jarvis.
Reminds me of some students getting flagged as cheating because someone asked chatgpt and thought it couldn't make mistakes.
For sure, the ability of these models to produce very convincing looking output creates an illusion of intelligence and understanding that isn't there. It's very easy for people to become convinced that the model really knows what it's talking about. In that regard, they're not really that different from CEOs. :)
I canât wait until this doesnât work and the people in charge get giant severance packages while the workers who were forced to implement this shitty idea lose their jobs! This is indeed the most rational economic system that accounts for human needs!
As someone who has worked with both CEOs and generative AI extensively, I agree that most CEOs would see improved performance from being replaced in whole or in part with generative AI. However, this is not an endorsement of generative AI, but an indictment of the CEO.
Large language models can't golf and drink martini lunches so they'd actually be pretty poor CEOs. They'd do the "read a quarterly report prepared by Marketing out loud" part well though
Considering CEOs were taking advice from hustle 'n grind culture idiots like Gary Vee, it's no surprise that AI would be an improvement.
The dumbass guy that ran the last place I worked used ChatGPT to make a âmarketing planâ for artists they were signing and it was the most boiler plate obv shit. It effectively spit out a buzzfeed article or something like that on marketing an artist.
âHave social media, engage with fans, get on playlists!â lol no shit
oh yaay, we're back to haruspicy to help make our decisions!
gptocracy
Losing my job because the AI tea leaves machine looked like a thumbs down emoji
Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them
can we butlerian jihad yet or do we have to wait for things to get worse?
Patrolling the cyberpunk wastelands makes you wish for Y2k, huh?
I've always wanted to test what would happen to a firm that just tries not having a CEO. I think a lot of companies' bureaucracy would hum a long just fine
I worked at a place where CEO left, and it took them over a year to hire a new one. Arguably, things ran smoother during that time.
Conversely, we replaced our CEO with one that is much more willfully stupid and have subsequently suffered for it
I've also noticed a pattern how any time there's a swap in upper management, first thing they do is throw out what the previous management was doing, cause they need to assert themselves as having their own ideas.
Alright, good luck with that lol
The prionification of the west continues
this is fucking hilarious, do people really not see how vapid and meaningless most of the slop generated by language models is? especially regarding any 'advice' applications XD
My friend asked ChatGPT if his personal business plan was a good idea, ChatGPT said it was an excellent plan and he'll make his first million soon. He was very excited about it.
I'd ask if he made that first million already but I hardly see him because he's always busy driving Uber and flipping cars, when he's not at his full time job. I'm sure he'll be rich soon.
If it's that easy to automate their "work" then why don't we just replace all the CEOs with AI.
No fucking duh. Itâs a faster search engine
this post was submitted on 03 Jun 2024
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