But they’re controlled by shareholders and why do shareholders want individual nut jobs running a company when and AI can do it. Not saying we’re any where close to AI that can do this. But the idea is neat. CEO of these publicly traded companies seems like the first job that should be axed.
I assume rich people often keep enough shares to control who sits on the board, and thus who is the CEO. There’s a lot of people sitting on multiple boards, folks know each other, blah blah blah.
Also many shareholders aren’t really involved. I don’t even know how it works if you own shares through Vanguard or something. I’ve never been asked to vote on company policy.
From what I’ve seen in start-up land, leadership is a lot of in-group bro times. It’s all gut feel. Shouldn’t expect rational, honest, decisions from them.
But they’re controlled by shareholders and why do shareholders want individual nut jobs running a company when and AI can do it. Not saying we’re any where close to AI that can do this. But the idea is neat. CEO of these publicly traded companies seems like the first job that should be axed.
I assume rich people often keep enough shares to control who sits on the board, and thus who is the CEO. There’s a lot of people sitting on multiple boards, folks know each other, blah blah blah.
Also many shareholders aren’t really involved. I don’t even know how it works if you own shares through Vanguard or something. I’ve never been asked to vote on company policy.
From what I’ve seen in start-up land, leadership is a lot of in-group bro times. It’s all gut feel. Shouldn’t expect rational, honest, decisions from them.
there is no rationale to capitalism, it’s more like a heist
It’s one of the most rationale things there is
Chances are the shareholders with enough power to sway things are… Other CEOs though