Why CEOs Always Fail Upwards

All I'm hearing is make your own company and use the excuse of you where a ceo for x years even if your company never made money

Love how CEOs can just decide to hold their own companies hostage, very cool

TLDR> the price of scapegoating is the reason.

i never watch the sponsors, does anyone does?

#18 ROFLMFAO I SEE THAT INGE <--FORMER M.i.T. at best buy richfield store 241 Mike Roman is the chairman and chief executive officer of 3M. Mike became CEO in July 2018 and prior to that was 3M's chief operating officer and executive vice president.

with all that experience why do you not own any of those machines and own a company doing that???? when you are young that's why you get a job, by your 30's you are expected to quit and start up a competing business doing some niche you discovered.
this is 90% of societies problems and the reason for too big to fail...they can't get so big with out so many weaklings sucking off their teets for survival, jobs don't respect you, respect is earned via ownership

unwritten rules: i'd like to point out none of these CEO's failed, they made the early investors extremely rich by bankrupting all the profits out of their companies cutting everything to the bone until they collapse or nearly collapse while paying all the profits in the biggest dividends ever to shareholders which are hedgefunds and tech billionaires.
the big severance packages are rewards by the hedgefund and billionaire who make up the board members as a reward for these immediate profit gains while those hedgefunds and billionaires unload their dwindling profit stocks on retirement pension funds.
blatant fact being ignored for the last 40 years that i have witnessed trying to climb 3 fortune 500 companies and personally knowing the executives from mid level management right to the ceo's if you know what you are looking for and use indirect avoidant questions to gleen particular operating details you will be given straight up honest answers as long as you space these questions around the executives who won't know who else just gave you the key missing puzzle pieces to the plan and think you just were looking for some operational knowledge/advice.
what is not being said is worth millions of times more than what is being said publicly and just within the company.....the devil is in HOW they carry out the operations.
their actions speak to everything, their words mean nothing unless you can tip an innocent confession out of them as an insider too the operations.
unwritten rules

The best CEO will be one who founded the company. He will often care on a deeper level than just money, plus he has build the success of the company himself.

Oh noo Elon musk created a trillion dollars of value for shareholders. Oh noe he’s holding the shareholders hostage by making them so much money oh noee

We need to tax the tar out of these people.

Captains sink with their ships. Modern CEOs are more like the captain of Costa Concordia.

Companies normally: Oh you lost your job? Bad luck! This is capitalism, we don’t do handouts and we’ve no use for failing members of society!

Companies when they go bankrupt: Ok but bro you’ve gotta give us a handout come on bro we like employ people or something it’s for the good of the people we swear we’re not capping just give us a handout bro the world will suffer without this failing company that isn’t even profitable you’ve gotta give us a handout bro please—

👏👏🙌🙌🔥🔥👍👍 thank you outstanding work

Because why deal with a partner that uses your partnership to get leverage and force actions. Screw russia, who always had challenging western order in mind and STARTED THE BLOODBATH. Get lost russian prophet.

Just like Doc Rivers

CEO: Hey if I get fired can you give me 3 months notice and a 60 million bonus
Corporate: No problem, how about another 60 million in stocks as well.
Employee: If I get fired can you let me know a week or so ahead of time so I can get something lined up?
Corporate: You'd better start cleaning out your desk right now, today is your last day.

I see it as a skin-in-the-game problem. CEOs today don't seem to have a large part of their pay tied to performance - which should be the case. they're a key decision maker that affects everything in a company - and, as you correctly analyzed - they are ex consultants, IBers. roles that have ZERO skin in the game in the decisions they make for other clients. I remember reading recently that a the new CEO of Costco is a guy who started as an entry level shop floor dude in the 70s, and that's awesome - he would be heavily declined to make decent decisions.

AND, also, it's the lack of balls to call bankruptcy on dogshit companies. bankruptcy is a capitalist institution in essence. then make use of it in capitalism. the destruction of inefficient enterprises will always birth new, better ones. it's worth the hurt in the short run.

And I was led to belive this only could happend in Romania, one of the most corrupt country ever...

When you have value,it’s hard to replace you.

CEOs fail their way to the top because promotions are about politics, not achievement in the workplace.

I think this failing upwards does apply for almost anyone or I guess you can't fail downwards? People will only see you had experience, but will be unable to gauge your competency in that role. So as long as you had A manager title you will keep getting management roles. I knew a guy who was terrible at his job, but he continued to get engineering roles. I have no idea how he even passes an interview, but it seems his luck ran out though and he's working as a security guard. 😆

I like how the previous founders and ceo of Twitter forced Elon Musk to buy at a high price, just to criticize him on the way he handles the company once they had the cash from the buyout.

Opera is shit

"if you have been working as a welder for 30 years" * proceeds to show a man soldering *

These are the people who run the world. God help us all

Idk if I’d call going from CEO of Boring to CEO of some start-up ,,upwards”.

Maybe it's just the bubble I'm in, but I don't think Musk's reputation is helpful to Tesla at this point...

Always interesting, thank you.

The natural end result of boomer economics.

That's not welding

I personally know a company executive who has trashed a DOD contractor locally in mere years by blowing up their main money making machine by running it incorrectly and illegally abusing covid payment protection program loans, and now he is golden parachuting into an even larger company after costing our local economy hundreds of jobs and hurting our whole city. This shit is disgusting.

There's not a problem, it's simply the system working as intended. Now get back to work peons.

You can only fail if you try things. Failure happens in business. If you don’t hire an executive because something’s failed, you won’t have executives. Failure also is valuable experience.

I respect that even though you’re a staunch capitalist, you see that we’re loving the videos exposing the economy’s systemic flaws.

I might actually buy Tesla if Musk was fired… removing a lot of tail risk, another CEO could manage continuing the business products just fine… musk fanboys won’t admit it.

because its all based on relationships folks. These CEOs have serious relationships with vendors, suppliers, other management, talented people or $.

I agree with the nobility part sadly, which means this will likely get more and more attention cus that means the middle class will never get promoted up and these people tend to know things just saying.

another point not to miss : to bootstart your career as a big4 consultant you probably have one or two ceos in your family. nepotism and class relations is a thing.

Musk loses 80b then holds Tesla hostage for 80b or otherwise he wont do his job. Man hes such a dick.

I love how the capitalist web curated the rich favours the rich who will pad their own pockets above all else. Anti-trust: the system.

Could have made a much shorter vid where nepotism and family connections were why

In, fire 30% of the work force, new logo, boom, out!

You’re now a fully trained management consultant.

Neoliberalism

+1

Experience matters way less than everyone thinks for a simple reason: every working place is different. Not only your tasks could be different but even smaller details like, how many breaks you have, your coworkers' or boss' schedules, the location of the company and such could render whole years of experience meaningless. What matters the most is your WILLINGNESS TO LEARN

You mixed up two sayings: there’s death knell or last nail in the coffin. There is no death nail in the coffin.

Please dont use sponsors from CCP spy software

I've always loved how execs preach about accountability for everyone but themselves.