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by OccamsMirror 36 days ago
When you overpay CEOs, people who hate leading, and hate being CEOs, will become CEOs for the money.

Is a good idea to select the people who hate leading to become CEOs?

3 comments

You say that as though it’s an option

CEO is selected by the investors for whoever will side with the investors 100% of the time over every other group including employees

What you suggest would subvert this and so it won’t and can’t happen

This was far more of an option in the 1980s and earlier; a CEO being compensated 20-30x a line employee was pretty standard around then; now it's closer to 250-300x. I think there's more optionality than we may assume, we've just left the structural incentives that drive that difference in place.
We call this new movement “involuntary CEO”. Bob you’re now it.
Yes