CEOs are hugely expensive – why not automate them?

Re:CEOs are hugely expensive – why not automate them? by ForHackernews on Monday April 26, 2021 @11:48AM (#26943845)

Because the people who own companies are either a) disinterested index funds, or b) members of the same plutocrat class as the board members and CEOs.

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Re:CEOs are hugely expensive – why not automate them? by lotsofpulp on Monday April 26, 2021 @12:25PM (#26944403)

Why are the people in b) okay with overpaying for something?

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Re:CEOs are hugely expensive – why not automate them? by klyrs on Monday April 26, 2021 @01:04PM (#26944974)

Because they're also getting overpayed in a similar situation at a different company. It's in their direct interest to raise the "market rate"

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Re:CEOs are hugely expensive – why not automate them? by lotsofpulp on Monday April 26, 2021 @03:09PM (#26946656)

So a significant portion of owners employ each other at each others’ companies?

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Re:CEOs are hugely expensive – why not automate them? by ThalesX on Monday April 26, 2021 @04:23PM (#26947576)

You're talking about employment as if they're working 9 - 5 in construction. These people are amplified by their networks, they don't work for eachother. The better their networks performs, by connections, or by value, or by whatever metric you want to monitor, the more they perform...

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Re:CEOs are hugely expensive – why not automate them? by JohnPrine on Monday April 26, 2021 @04:28PM (#26947639)

What about private equity firms?

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