Ataraxias on 29 June 2010
| irstupid said: It doesnt' work both ways If your a CEO and you do nothing but your business makes billions, the directors will vote you out and see no need for. If your a CEO and working your ass off but you are losing billions, the directors will vote you out and hire someone new and hope thier business model/plan works. Working your ass off on something that doesn't work means nothing compared to a plan that does work. |
The first isn't true at all. Most companies are shortsighted and will vote to keep the status quo due to the big numbers. Look at General Motors; Wagoner didn't do anything other than continue what his predecessors did which drew in big numbers, only to completely tank a few years later.
