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Re:Many Companies Aren’t Prepared to Replace Underperforming... by rogerkirkness on Friday November 04, 2022 @02:45PM (#33471757)
Huawei does this, I think every 18 months they change CEO among the leadership team.
Re:Many Companies Aren’t Prepared to Replace Underperforming... by JamesianP on Friday November 04, 2022 @03:21PM (#33472316)
I understand they also don't get compensated much, relatively speaking. I think it fits with an Asian approach to business where companies are big conglomerates with much more cautious leadership (and therefore less expectation from them). At least historically.
Re:Many Companies Aren’t Prepared to Replace Underperforming... by Scoundreller on Friday November 04, 2022 @03:16PM (#33472235)
Founder’s daughter has been CFO for over 10 years though
Re:Many Companies Aren’t Prepared to Replace Underperforming... by granshaw on Friday November 04, 2022 @02:57PM (#33471922)
Super interesting. Def think there’s lots of room for experimentation in corporate governance and corporation structure
Re:Many Companies Aren’t Prepared to Replace Underperforming... by 3a2d29 on Friday November 04, 2022 @03:05PM (#33472058)
Obviously not corporate, but I believe Rome had 1 year term limits for its 2 consuls.
Re:Many Companies Aren’t Prepared to Replace Underperforming... by zac_hudson on Friday November 04, 2022 @04:24PM (#33473274)
Huawei has a very unusual leadership/ownership structure, even amongst its peers in the tech industry. Legally, its a worker-owned cooperative, but unlike most cooperatives, its workers don't directly vote on policy; rather they choose 51 shareholder representatives and 9 alternate representatives, who in turn select a politburo, which in turn selects a CEO from the standing committee.
Re:Many Companies Aren’t Prepared to Replace Underperforming... by taberiand on Friday November 04, 2022 @05:38PM (#33474178)
Sounds great, what's the catch?