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billions | 3 years ago

By your logic an unqualified person could attain the CEO job. The CEO is picked by the shareholders to maximize shareholder value. The top boss is extremely well vetted to make sure they make good decisions to protect shareholders' money. The CEO's #1 job is to hire & fire managers that let him keep his job by increasing sales. And so on down the chain.

How could people at the bottom be more "accountable for customer disgruntlement"? They have less skin in the game than people up the hierarchy.

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lovich|3 years ago

> By your logic an unqualified person could attain the CEO job.

That’s kind of less my logic and more my lived experience, unless you count being politically connected as the only qualification for CEO’s.

> How could people at the bottom be more "accountable for customer disgruntlement?”

Have you never seen execs grand schemes fail and make up for their mistakes by firing scapegoats or laying off workers and saddling the rest with more work to make the numbers look good?

> They have less skin in the game than people up the hierarchy.

Do they? In my experience workers typically have their entire income stream at risk while execs get golden parachutes and another executive position at a different company despite failing massively. If skin in the game is just “get higher compensation” then why aren’t the richest people on the planet the most environmentally conscious since they have more “skin in the game” than everyone else?

Edit: fixed typo, sassing -> saddling

spoonjim|3 years ago

Yes, only highly qualified people attain CEO jobs. You never see any baffling CEO hires who flame out spectacularly taking shareholders and employees down with them.