• Changetheview@lemmy.world
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    1 year ago

    Yeah, this is total bullshit. The reason CEO tenure is decreasing is because they want that. Getting forced out is often extremely lucrative thanks to those golden parachutes. They’re also still very likely to have all sorts of equity awards that will continue to vest for years, maybe even decades.

    And you know what they’ll do? Go find another leadership role, get another golden parachute sealed, and take in more equity awards with a different company. Join boards in a new industry to grant more equity awards to their frat bros.

    To act as if a CEO departing is inherently bad for that individual is asinine. It’ll probably cost the company millions, likely hurt the chances of a wage increase for bottom rung workers, and will invite in new leaders who will take dramatic “cost-cutting” measure immediately. But it’s very rare for it to actually harm the outgoing executive.