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nova9001 t1_je3aj7m wrote

Reply to comment by Decent-Can378 in Deeply, truly, very sorry: How tech CEOs talk when they lay off workers by CrankyBear

> There's just zero accountability in the corporate world.

Accountability in the corporate world is to shareholders or share prices. Firing people magically gets the share prices up.

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phdoofus t1_je3h8wg wrote

I work for a startup and our BoD just let our CEO go because they felt he wasn't the right person for the job any more. Nobody else got touched.

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[deleted] t1_je3kdxj wrote

Yeah, that's pretty common with startups. Often a good founder is not necessarily a good CEO once the company hits the next stage of growth. They also often don't realize their shortcomings, so one of the investors appoints a qualified CEO and relegates the founder to a board seat.

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phdoofus t1_je44avg wrote

The founder is pretty much in the background. He's an academic and I think he knows when to not be in charge of a business. Our COO is highly technical and very very good. I'm not terribly surprised they got rid of the CEO. It's not that he was bad it just didn't seem like he was pushing us in ways we need to go.

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RonyTheTiger t1_je4x6ce wrote

Further proof that the stock market is not the economy. The economy includes the people who spend money, you know, consumers.

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