this post was submitted on 07 Jul 2025
1089 points (100.0% liked)
Technology
72472 readers
3556 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Companies with stupid leaders deserve to fail.
Well what ends up happening is some company will have a CEO.
He'll make all the stupid decisions. But they're only stupid from everybody ELSES perspective.
From his perspective, he uses AI, tanks the companies future in the chase of large short term stock gains. Then he gives himself a huge bonus, leaves the company, gets hired somewhere else, and gets to say "See how that company is failing without me? That's because I bring value to the brand."
So he gets hired at the neeeext place, meanwhile that first company is failing because of the actions of a CEO no longer employed there, and whom bailed because he knew what was coming.
These actions aren't stupid. They're plotted corruption for the benefit of one.
No that never happens /S
I used to work with a supplier that hired a former Monsanto executive as their CEO. When his first agenda came out I told their sales team he was an idiot and to have fun looking for a new job a few months.
The CEO bailed after 2 years to start his own "consulting business."
1 year later the company lost 75% of their market share and was laying off people left and right. They are still afloat barely.
After a couple years "consulting", the CEO went to another company in 2023. He didn't bounce fast enough and got caught on this one. He was fired 2 weeks ago and the company shut their doors except for a handful of staff to facilitate the firesale of the companies assets.
What's really stupid about this cycle is that some of these fail-upward executives genuinely believe the crap they're spewing. Weirdly, I think I respect the grifting executives more
Edit: by grifting executives, I mean the ones who participate in that cycle you describe, and are aware of the harms they cause in their wake, but don't care because they've gotten good at knowing when to skip out