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jmpman | 8 days ago
And I'd like to see it implemented further down in the hierarchy. In the companies which just implemented layoffs for AI efficiency, and then asked their more senior employees to dig in and help on the now overflowing work - I suspect a mid level manager or VP made that decision and was wildly rewarded for the initial cost savings, and now, with the resource disaster - was their bonus clawed back? I suspect not.
silisili|8 days ago
This will never change until CEO pay is tied to long term performance. Why not make it 5 year lagging?
The whole problem is that CEOs have zero incentive to care about the longevity of the company. They want share price to go up now, make their money, then cash out.
It's easy to blame the CEOs, but they're just doing what's smart for them. We need to change the definition of what that is.
renewiltord|8 days ago
By contrast TSLA gives Elon options in the money if he 10x valuation. And he did.
This punishment and austerity approach is doomed.