Maybe that CEO will also quit, because other companies offer them a higher salary.
It’s so easy to say they should just pay their CEO less. I mean, I get it, it’s a ridiculous amount of money that no one needs. But few people, who are qualified for that job, will just do it out of the goodness of their hearts for a salary far below industry standards.
I don’t think companies care. If you’re the CEO of Mozilla for a year without it imploding, you’re looking very experienced compared to some of the applicants that medium-sized Silicon Valley companies, like Dropbox, Evernote and such, will get.
And if Mozilla is only paying you $200k, they’ll consider it an absolute bargain to give you tenfold that.
I mean, they do… the higher my pay goes the less actual work I do (thinking is not actual work). And I keep getting promoted.
It’s dumb as hell but the only answer I’ve come up with is maybe not everyone can do the “stupid monkey shit” (i.e. “Someone get this herd of retarded cats to do literally anything”).
what the fuck could the CEO possibly do for a company that seems to just fucking zombie its way along, it does literally nothing and hasnt died, what could the CEO possibly be qualified for, it’s not like they’re gaining more market share from having a good product
They are the face of the company. If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.
There’s a lot of stuff they need to know and it’s not cheap to get that knowledge.
I love all the vague, ambiguous examples that say nothing.
I mean, the Intel CEO just literally quote the Bible… I guess you need a lot of education for that
Look, I understand you can’t get a high school dropout to do this job, but can they really justify earning 10000x more than other people in their companies? Are they 10000x more valuable??
If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.
I notice, very glaringly, you didn’t mention a SINGLE thing about the company running efficiently, being profitable, producing something of value…
It’s not that the company could end if it doesn’t do well at what it does. It’s that the company could end if fickle, short-term focused asshats aren’t happy, and to keep them happy, you need a head fickle, short-term focused asshat at the helm.
i dont even fucking know who C suites at mozilla, i havent even googled their company in years to see if they even still exist. The only sign of life from this company is when i update my system and firefox also gets updated.
Also, it’s pretty cheap to get that knowledge, just don’t ever say anything that might lose you money.
It’s not limited to relatives only, it could also be a friend or a friend’s friend. Rich ppl know each other, as someone once said "it’s a small world and you’re not in it.
Maybe that CEO will also quit, because other companies offer them a higher salary.
It’s so easy to say they should just pay their CEO less. I mean, I get it, it’s a ridiculous amount of money that no one needs. But few people, who are qualified for that job, will just do it out of the goodness of their hearts for a salary far below industry standards.
This is predicated on the assumption that a CEOs skill is directly related to their salary.
This may or may not be the case.
I don’t think companies care. If you’re the CEO of Mozilla for a year without it imploding, you’re looking very experienced compared to some of the applicants that medium-sized Silicon Valley companies, like Dropbox, Evernote and such, will get.
And if Mozilla is only paying you $200k, they’ll consider it an absolute bargain to give you tenfold that.
This is predicated on the assumption that people just give money away easily.
I mean, they do… the higher my pay goes the less actual work I do (thinking is not actual work). And I keep getting promoted.
It’s dumb as hell but the only answer I’ve come up with is maybe not everyone can do the “stupid monkey shit” (i.e. “Someone get this herd of retarded cats to do literally anything”).
what the fuck could the CEO possibly do for a company that seems to just fucking zombie its way along, it does literally nothing and hasnt died, what could the CEO possibly be qualified for, it’s not like they’re gaining more market share from having a good product
They are the face of the company. If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.
There’s a lot of stuff they need to know and it’s not cheap to get that knowledge.
I love all the vague, ambiguous examples that say nothing.
I mean, the Intel CEO just literally quote the Bible… I guess you need a lot of education for that
Look, I understand you can’t get a high school dropout to do this job, but can they really justify earning 10000x more than other people in their companies? Are they 10000x more valuable??
I notice, very glaringly, you didn’t mention a SINGLE thing about the company running efficiently, being profitable, producing something of value…
It’s not that the company could end if it doesn’t do well at what it does. It’s that the company could end if fickle, short-term focused asshats aren’t happy, and to keep them happy, you need a head fickle, short-term focused asshat at the helm.
God, I wish every company could just be private.
If that’s all there is, it sounds like you just need good legal and marketing department and someone who is attractive to deliver their script.
i dont even fucking know who C suites at mozilla, i havent even googled their company in years to see if they even still exist. The only sign of life from this company is when i update my system and firefox also gets updated.
Also, it’s pretty cheap to get that knowledge, just don’t ever say anything that might lose you money.
I’m still waiting for evidence these CEOs do anything special… They get paid millions whether the companies they lead succeed or flounder
CEOs do nothing. They rake in millions, and hire advisors to tell them what to do
Then go be a CEO
Need to be a nepo baby for that
So if there are CEOs who aren’t related to the board of directors, would that overturn your theory?
No, they would need to not be related to anyone with influence in the company for starters
So what do you mean by “nepo baby” then? Because nepotism is the practice of hiring family.
It’s not limited to relatives only, it could also be a friend or a friend’s friend. Rich ppl know each other, as someone once said "it’s a small world and you’re not in it.
https://en.wikipedia.org/wiki/Nepotism
Well, let’s extend it to getting jobs mostly through connections and not merit
When did I say I want to be a parasite? I want to abolish CEOs, not become one of them