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Amazing isn't it?
Seen this so many times in my lifetime.
Seen it also. Executives fired for not only performance issues but theft and sexual harrasment who a short while later have a high position somewhere. Do they have a get out of jail free card? Someone once said to me people like that are like cats-9 lives and always land on their feet.
I think its smooth talking, sales skills, and covering up thier past.
Its a joke isn't it? . CEOs can drive a company into the ground with bad decisions, collect a golden payout (One good enough to be set for life regardless of his/her FAILURE at the job), turn around and go to another company and do the same damn thing.
Defy's logic. Well I guess thats why we are in the shape we are in. People stand by and accept this nonsense. So basically we deserve it.. Bad management should NOT be given leeway to do whatever the hell they please with no shackles placed on them and no accountability.
We get what we deserve. There is always so much nonsense of the "rank in file" to "go with the flow and fall in line" but the same nonsense isn't geared towards management. They have free reign to do whatever they please.
So let it keep happening while companies and the country keep getting ran into the ground.. Maybe someday, somehow people will wake up
I worked at a software company with offices all over the world, and the CEO and VP's drove the company into the ground, yet months after being fired all around the same time, they all found jobs. The CEO found a comparable position as a CEO, the VP's took low level manager roles, at least for now.
I'm quite shocked that it is this easy for them to find a new job despite their mediocre performance. I left the company out of frustration with their incompetence which made my job that much harder. All of their performers left for the same reasons, we still talk to this day. I have been searching for a new job with a promotion for a year and was an actual performer, yet these people drive the company into the ground with their bad decisions and get picked up like they are waiting for a bus???
Do they just lie on their resume and fake references? Thank goodness I'm still employed while I look, but it's really disheartening to see that quality workers have a hard timer finding a job and these people just waltz right into them...
I came from a similar company. Luckily it was bought by a much stable company. It was sold for such a price that it looked like it was given away for free.
All the top nuts found similar positions like " VP HR" , "VP Technology" etc and surely 6 and 7 figures .
Its a joke isn't it? . CEOs can drive a company into the ground with bad decisions, collect a golden payout (One good enough to be set for life regardless of his/her FAILURE at the job), turn around and go to another company and do the same damn thing.
Defy's logic. Well I guess thats why we are in the shape we are in. People stand by and accept this nonsense. So basically we deserve it.. Bad management should NOT be given leeway to do whatever the hell they please with no shackles placed on them and no accountability.
We get what we deserve. There is always so much nonsense of the "rank in file" to "go with the flow and fall in line" but the same nonsense isn't geared towards management. They have free reign to do whatever they please.
So let it keep happening while companies and the country keep getting ran into the ground.. Maybe someday, somehow people will wake up
What shape are we in? Do you want to go back to the 1890's and live off of a $1.00 per day IN TODAYS MONEY. If you live in America, you're in the top 1/10th of 1% by historical standards
I have actually seen this not only with Executives, but with regular rank and file workers. I first noticed it with this guy at my company who was a blithering mountain of incompetence. NO ONE wanted to work with him he was so inept.
He once told me he "runs a lot of projects here" when I confronted him on his incompetence. He got fired 1.6 years into the job. This has literally been repeated, following him on LinkedIn, every 1.5 years or so. They realize he is a fool, lay him off, and he starts the job hunt again, get's hired somewhere, milks it until they realize he has no idea what he is doing, repeat, etc.
Actually there were three rank and file workers at that company I noticed that pattern with in their ENTIRE career.
With them, their failures are not as apparent as the Executives, but still, you would think that the hiring manager would note that they seem to get laid off every 1.5 years at each job they work, perhaps that's a sign of a guy who just can't cut it and shouldn't be hired. Few HM's have that level of thought though...The interview process is literally one that selects for gab usually.
In the case of the Executives at the company, most of them knew each other from other companies, so there is likely merit to the theory that they are on the friends and family plan....Heck the place I work now, all the leadership knew each other and worked together elsewhere before. No surprise that they have all been fired over the years and their positions not replaced....They got hired by friends, not on merit, and drove the place into the ground....
I don't get it either. White males, maybe ivy league schoolmates, all taking care of each other or something.
These guys are sociopaths. Have no clue or don't care what criminal a******* they are.
Kind of dumb. Companies would rather bring in someone who has executive or managerial experience from the outside who may or may not be competent rather than promote someone known to be capable who doesn't have the next level of experience.
I think that's because the people hiring the CEO are often ignorant investors who don't know the business well and are easily impressed by someone who can talk a good game. And every CEO I have known has had similar traits - ambitious, educated, well-dressed, attractive and/or pleasing voice, eloquent, outgoing, and inspiring.
Makes no sense. IF someone runs one company into the ground, what makes you believe they wouldn't do it again, or even be qualified for another high paying position?? Its also a complete JOKE that these idiots get heavy payouts, golden parachutes, and ridiculous bonuses regardless of whether they fail or succeed in the position. No one else gets a buttload of money on the way out for FAILING at their position.
I can't believe things continue to be so screwed up and no accountability is ever placed on these people. You would think after years of this mess with companies since the recession and even since the 80s, things would change. Accountability will FINALLY happen in America. Nope things are still screwed up as ever.
Until merit and accountability is re-rentered into the corporate workplace, things will continue to trend downward.
It never ceases to amaze me the guy cleaning the toilets at 9-10 bucks/hour is held more to more accountability than the leaders who make all the money and the decisions
Accountability starts and ends with the other rich people in the organization, they don't want to change how things go because they'll be up next for a big payout. In my previous career I never met a competent upper management employee, not a single one. Yet, given their vast shortcomings, they were still the ones put in charge, and could be put in charge somewhere else if they were ever let go (fat chance).
Accountability starts and ends with the other rich people in the organization, they don't want to change how things go because they'll be up next for a big payout. In my previous career I never met a competent upper management employee, not a single one. Yet, given their vast shortcomings, they were still the ones put in charge, and could be put in charge somewhere else if they were ever let go (fat chance).
and the cashier and floor sweeper would have done so much better?
Sometimes the best people to avoid future failure are those who have experienced it. It's not always the best to have someone who has had everything go their way.
Secondly, perhaps the company or industry was already doomed. Sometimes even senior management can't fight that. It's also important to note that someone can create huge value even in losses. Say the company would have lost 1 billion with an average CEO, but "only" lost 200 million with a CEO who was doing a good job with the hand dealt. Sometimes you're still creating value by making the company lose less money.
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