CEOs tend to be people who have worked their way up through large organizations, unlike billionaire entrepreneurs or hedge fund managers.
I’ve worked under 9 CEOs at companies from very small to very large multinational. Of those, a grand total of TWO worked their way up; the rest all had business degrees and buddy connections and no actual experience working FOR a company. Most were hired via the buddy network because of their history of navigating stock exchanges.
The qualities that make one a good worker do not make for a good CEO. A good worker thinks the best way to make money is to produce better quality product or produce it more efficiently.
A good CEO thinks the best way to make money is to lay off quality control and use their salaries to buy up company stock to increase the stock price for shareholders knowing the increase is instantaneous while the problems caused by not having quality control anymore won’t be realized for months if not years. Even better if they can force employees who didn’t do quality control to now be responsible for it, on top of their regular duties, while receiving no additional pay.
I’ve worked under 9 CEOs at companies from very small to very large multinational. Of those, a grand total of TWO worked their way up; the rest all had business degrees and buddy connections and no actual experience working FOR a company. Most were hired via the buddy network because of their history of navigating stock exchanges.
The qualities that make one a good worker do not make for a good CEO. A good worker thinks the best way to make money is to produce better quality product or produce it more efficiently.
A good CEO thinks the best way to make money is to lay off quality control and use their salaries to buy up company stock to increase the stock price for shareholders knowing the increase is instantaneous while the problems caused by not having quality control anymore won’t be realized for months if not years. Even better if they can force employees who didn’t do quality control to now be responsible for it, on top of their regular duties, while receiving no additional pay.
That’s pretty much it. As an engineer, I find the state of affairs demoralizing.
This guy CEO’s.