CEOs have very little to do with the failure or success of most large companies. If they work very hard they can pull a company out of a death spiral, or start it down one, but failure or success takes years if not decades of steady improvement or decline. All the examples of “failures” given in the article are terrible and don’t demonstrate at all that those CEOs were bad.
One of the worst problems with businesses in the US currently is this culture of fetishizing CEOs. They’re paid far too much for what they actually bring to companies, and people grossly exaggerate how much of an impact CEOs have on companies. If you want proof of his just take a look at literally any company Elon Musk is a CEO of. The fact that none of those companies (particularly Twitter) have filed for bankruptcy yet shows exactly how little a truly terrible CEO actually impacts things.
CEOs have very little to do with the failure or success of most large companies. If they work very hard they can pull a company out of a death spiral, or start it down one, but failure or success takes years if not decades of steady improvement or decline. All the examples of “failures” given in the article are terrible and don’t demonstrate at all that those CEOs were bad.
One of the worst problems with businesses in the US currently is this culture of fetishizing CEOs. They’re paid far too much for what they actually bring to companies, and people grossly exaggerate how much of an impact CEOs have on companies. If you want proof of his just take a look at literally any company Elon Musk is a CEO of. The fact that none of those companies (particularly Twitter) have filed for bankruptcy yet shows exactly how little a truly terrible CEO actually impacts things.
Yep. All they do is meetings and hand shaking. The real work occurs several steps below them.