this post was submitted on 20 Jun 2026
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[–] Cosmonauticus@lemmy.world 12 points 2 hours ago (1 children)

I feel like being a CEO is the easiest job on the planet. You can fail and make the dumbest decisions possible yet still be grossly overpaid with little to no consequences

[–] Hossenfeffer@feddit.uk 7 points 2 hours ago* (last edited 2 hours ago) (1 children)

You think the decision is dumb. But for them the decision to reduce staff headcount probably improved the company's bottom line at a crucial moment when their performance-related bonus was being calculated. And it also opens the door to sideways promotion.

e.g. Twatty McBallbag Ltd:
profit with loss prevention staff = 10 million
profit the first month after all loss prevention staff were fired = 12 million
profit the sixth month after all loss prevention staff were fired = 6 million

After the first month, they claim responsibility for the increased profit of 2 million (as a result of reducing staff costs) and get their performance related bonus. They also get to write "While CEO at Twatty McBallbag Ltd, I increased profit by 20%", on their CV and move on to a new, bigger company with profits in the 100s of millions.

[–] Cosmonauticus@lemmy.world 3 points 43 minutes ago

In a true buisness sense its stupid because they stress short term make stock number go up instead of long term sustainable growth. That being said it seems with both agree that CEOs dont operate on fuck everyone but me