CEOs are hugely expensive – why not automate them?

Re:CEOs are hugely expensive – why not automate them? by ForHackernews on Monday April 26, 2021 @11:44AM (#26943778)

The problem is there's no way to evaluate if CEO($10M) is actually that much better than CEO($2M). How would you retroactively test the counterfactual of hiring the cheaper candidate?

Maybe in the future the stock price of robo-CEO companies can be used as a baseline. If you can't beat the robot index, then you're fired. (Obviously this will never happen because the board members are other CEOs, but you get the idea).

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Re:CEOs are hugely expensive – why not automate them? by texasbigdata on Monday April 26, 2021 @12:31PM (#26944482)

You're spot on. That's why Harvard Busiess Reviews "best CEO" list is a trailing version of multi-year TSR (total shareholder return) combined with some ESG metrics. It's the best you can currently do.

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Re:CEOs are hugely expensive – why not automate them? by devoutsalsa on Monday April 26, 2021 @11:49AM (#26943850)

This. A more practical approach would be to embrace the fact that no one really knows what's going to happen & plan accordingly.

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