I’ve posted this time and time again: the CEOs most valuable function isn’t making decisions. It’s taking the fall when the company fucks up so the board can go “yup we replaced him” and continue to pull shady shit after a while
more than that: the CEO can commit extreme amounts of fraud to benefit themselves and the board and all their friends, then when things get public and they can’t keep the CEO they LITERALLY BUY THEM OUT for hideous sums (which no doubt gets redistributed to the whole group of charlatans as well), then rinse and repeat with the next CEO.
And of course no one involved is paying their taxes properly, and probably there’s a bunch of government subsidies involved that end up in their bank accounts.
I’ve posted this time and time again: the CEOs most valuable function isn’t making decisions. It’s taking the fall when the company fucks up so the board can go “yup we replaced him” and continue to pull shady shit after a while
more than that: the CEO can commit extreme amounts of fraud to benefit themselves and the board and all their friends, then when things get public and they can’t keep the CEO they LITERALLY BUY THEM OUT for hideous sums (which no doubt gets redistributed to the whole group of charlatans as well), then rinse and repeat with the next CEO.
And of course no one involved is paying their taxes properly, and probably there’s a bunch of government subsidies involved that end up in their bank accounts.