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A comment on Many Companies Aren’t Prepared to Replace Underperforming CEOs. Parent comment

Re:Many Companies Aren’t Prepared to Replace Underperforming... by startupsfail on Friday November 04, 2022 @04:55PM (#33473610)
The CEOs that belong to the club (network) can draw on the resources available to that network. It is widely believed that this ability is more important than the technical skills. It used to be correct when e-mail, LinkedIn or Google were not a thing. Now this is simply a cargo cult.
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Re:Many Companies Aren’t Prepared to Replace Underperforming... by jandrese on Friday November 04, 2022 @05:00PM (#33473676)
That smells like rationalization to me. "No candidate outside of my personal circle of friends could possibly do this job because being in the circle is required to do the job."
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Re:Many Companies Aren’t Prepared to Replace Underperforming... by lenzm on Friday November 04, 2022 @06:02PM (#33474492)
More like self fulfilling prophecy. The clique preferentially favors doing business with each other causing their businesses to perform better.
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