I just wrote elsewhere in this thread but to repeat myself: I think the real job of a CEO is to schmooze with other CEOs and rich idiots. They get funding. Everything else is pretty much a liability, and would be better handled by someone with relevant expertise.
So the board members could replace the CEOs with AI if they desired. I guess their saving grace is it would be hard to extort, blackmail and coerce AI.
I don’t think the board wants to do that, because the board is composed of CEOs and friends of CEOs. The rich have class solidarity. They’re not going to fuck each other over like that.
Directors looking to understand and address the exodus can look first to a number of drivers, including the tremendous pressure today’s leaders face contending with volatility and unprecedented change in an unforgiving market. Focus on short-term performance, geopolitical turbulence and talent concerns have all escalated in recent years. When the headwinds hit, CEOs find themselves squarely in the firing line, as Bill George, former CEO of Medtronic and a former board member at Goldman Sachs, ExxonMobil, Novartis and Target, points out in this issues’s cover story (see p. 16). “I know one case where a CEO was given 16 months,” he says. “How can you possibly turn around a culture in 16 months? They’re reacting too quickly to external forces, and that’s not right.”
I just wrote elsewhere in this thread but to repeat myself: I think the real job of a CEO is to schmooze with other CEOs and rich idiots. They get funding. Everything else is pretty much a liability, and would be better handled by someone with relevant expertise.
So the board members could replace the CEOs with AI if they desired. I guess their saving grace is it would be hard to extort, blackmail and coerce AI.
I don’t think the board wants to do that, because the board is composed of CEOs and friends of CEOs. The rich have class solidarity. They’re not going to fuck each other over like that.
Understanding The Rise In CEO Exits
https://boardmember.com/understanding-the-rise-in-ceo-exits/
Company I worked at went through 5 CTOs in 4 years. 5.