ST Alpha - "You think some of the failed CEO's have a pretty strong resume up until this point?" (Reading a Post)

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In response to "You think a non-capped company would hire one of the failed CEO? If so, there is much more wrong with the corporate culture than we've discussed." by The Coraline Cat Coalition

You think some of the failed CEO's have a pretty strong resume up until this point?

Posted by Strongbad (aka Rambler14) Feb 6 '09, 11:41

35 years of profit followed by 1 f-up
Yes, I think they're going to get another job.
And yes, I think anybody willing to do that job for 10-20% of what they paid the last guy is going to be less qualified.

Responses:

but most of that "profit" was illusory to begin with, which is why they're taking all these losses now. -- nm - znufrii Feb 6, 11:42 3
- and like the Fiorino oped said the other day, it is that company's board that sets the expectation and determines if it was delivered upon. -- nm - TFox Feb 6, 11:45 1
  - so more importantly than capping executive pay, we need to overhaul the Board of Directors and hold them more accountable for their companies' results -- nm - znufrii Feb 6, 11:46
- of course, that doesn't mean companies won't still be lining up around the block to hire them. -- nm - znufrii Feb 6, 11:44
It's not 1 f-up when you built the system. -- nm - Reagen Feb 6, 11:41

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You think some of the failed CEO's have a pretty strong resume up until this point?

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