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A comment on The stockmarket is now run by computers, algorithms and passive managers. Parent comment

Re:The stockmarket is now run by computers, algorithms and p... by onion2k on Monday October 14, 2019 @11:04AM (#21249014)
Is their successor responsible for everything that went on prior?

Yes.

That wouldn't even be a change to the current system. That's how it works now. If you take on the role of CEO and it turns out that years earlier the company did something terrible you will be expected to resign. It's one of the reasons they demand so much money.

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Re:The stockmarket is now run by computers, algorithms and p... by phkahler on Monday October 14, 2019 @11:29AM (#21249336)
In that case they might want a very in depth analysis of what they're getting into prior to taking the job. How much does that happen?
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Re:The stockmarket is now run by computers, algorithms and p... by AndrewKemendo on Monday October 14, 2019 @12:11PM (#21249821)
Pretty much always if the incoming CEO can competitively negotiate and is a good hire.

Contrary to popular belief, the vast majority of career CEOs are good hardworking people. Like any high profile position, the outliers skew perception for everyone.

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