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Re:Details emerge of surprise board coup that ousted CEO Sam... by Draiken on Saturday November 18, 2023 @01:14PM (#38322554)
Yeah this cult of CEOs is weird.

It's such a small cohort that when someone doesn't completely blow it, they're immediately deemed as geniuses.

Give someone billions of dollars and hundreds of brilliant engineers, researchers and many will make it work. But only a few ever get the chance, so this happens.

They don't do any of the work. They just take the credit.

Re:Details emerge of surprise board coup that ousted CEO Sam... by bsenftner on Saturday November 18, 2023 @01:37PM (#38322857)
> Yeah this cult of CEOs is weird.

Now imagine the weekend for those fired and those who quit OpenAI: you know they are talking together as a group, and meeting with others offering them billions to make a pure commercial new AI company.

An Oscar worthy film could be made about them in this weekend.

Re:Details emerge of surprise board coup that ousted CEO Sam... by hef19898 on Saturday November 18, 2023 @01:36PM (#38322841)
My last gig was with one of those wannabe Elon Musks (what wouldnI give to get wannabe Steve Jobs back). Horrible, ultimately he was ousted as CEO, only to be allowed to stay on as some head of innovation, because he and his founder buddies retained enough voting power to first get him a life time position as head of the board fir his "acievements" and then prevent his firing. They also vetoed, from ehat people told, a juicy acquisition offer, basically jeopardizing the future of the place. Right after, a new CEO was recruited as the result of a "lengthy and thoroughly planned process of transition". Now, the former CEO is back, and in charge, in fact and noz on paper, of the most crucial part of the product. Besides getting said company to 800 people burning a sweet billion, he didn't do anything else in his life, and that company has yet to launch a product.

Sad thing so, if they find enough people to continue investing, they will ultimately launch a product, most likely the early employees and founders will sell of their shares, become instant millionaires in the three figures and be hailed as thebtrue geniuses in their field... What an utter shit show that was...

Re:Details emerge of surprise board coup that ousted CEO Sam... by Draiken on Saturday November 18, 2023 @02:04PM (#38323126)
The sad reality is that most top executives get there because of connections or simply being in the right place at the right time.

Funnily enough I also worked for a CEO that hit the lottery with timing and became a millionaire. He then drank his own kool-aid and thought he was some sort of Steve Jobs. Of course he never managed to build anything afterwards. But he kept making a shit ton of money, without a doubt.

After they get one position in that echelon, they can keep failing upwards ad nauseam.

I don't get the cult part though. It's so easy to see they're not even close to the geniuses they pretend to be. Just look at the recent SBF debacle. It's pathetic how folks fall for this.

Re:Details emerge of surprise board coup that ousted CEO Sam... by fallingknife on Saturday November 18, 2023 @02:59PM (#38323718)
> Besides getting said company to 800 people burning a sweet billion, he didn't do anything else in his life

Getting a company to that size is a lot.

Re:Details emerge of surprise board coup that ousted CEO Sam... by hef19898 on Saturday November 18, 2023 @04:35PM (#38324752)
All you need is HR... I'm a cynic. He got the funding so, which is a lot (as an achievement and in terms of mones raised). He just started to believe to be the genius not justbin raising money, but also is building product and organisation. He isn't and never was. What struck me so, even the adults hired to replace him, didn't have the courage to call him out. Hence his comeback in function if not title.

Well, I'm happy to work with adults again, in a sane environment with people that known their job. It was a very, very useful experience so, and I wouldn't miss it.

Re:Details emerge of surprise board coup that ousted CEO Sam... by aledalgrande on Saturday November 18, 2023 @06:19PM (#38325931)
Not if you have 1B sitting in the bank as stated above
Re:Details emerge of surprise board coup that ousted CEO Sam... by FireBeyond on Saturday November 18, 2023 @03:17PM (#38323916)
> It's such a small cohort that when someone doesn't completely blow it, they're immediately deemed as geniuses.

And many times even when they do blow it, it's handwaved away as being something outside of their control, so let's give them another shot.

Re:Details emerge of surprise board coup that ousted CEO Sam... by manicennui on Saturday November 18, 2023 @03:25PM (#38323989)
A sizable portion of the HN bubble is wannabe grifters. They look up to successful grifters.
Re:Details emerge of surprise board coup that ousted CEO Sam... by dboreham on Saturday November 18, 2023 @06:57PM (#38326386)
To be fair: a sizable proportion of humans are like that.
Re:Details emerge of surprise board coup that ousted CEO Sam... by tempaccount420 on Sunday November 19, 2023 @12:52AM (#38329544)
To be fair: that's just your sample. I don't see that.
Re:Details emerge of surprise board coup that ousted CEO Sam... by Aerbil313 on Sunday November 19, 2023 @08:52AM (#38332625)
Same. Most people afaict just live with little to no ambitions.
Re:Details emerge of surprise board coup that ousted CEO Sam... by antifa on Sunday November 19, 2023 @01:38PM (#38336085)
Everybody I know is either burnt out from working or full of ambition with very few, very small opportunities.
Re:Details emerge of surprise board coup that ousted CEO Sam... by duped on Saturday November 18, 2023 @03:40PM (#38324134)
The primary job of an early stage tech CEO is to convince people to give you those billions of dollars, one doesn't come without the other.
Re:Details emerge of surprise board coup that ousted CEO Sam... by Draiken on Saturday November 18, 2023 @03:45PM (#38324187)
Which proves my point. This cult on top of someone that simply convinced people (they knew from their connections) being considered a genius is absurd.
Re:Details emerge of surprise board coup that ousted CEO Sam... by austhrow743 on Saturday November 18, 2023 @04:18PM (#38324564)
Convincing people is the ultimate trade. It can achieve more than any other skill.

The idea that success at it shouldn’t be grounds for the genius label is absurd.

Re:Details emerge of surprise board coup that ousted CEO Sam... by consp on Saturday November 18, 2023 @04:46PM (#38324881)
> It can achieve more than any other skill.

And also destroy more. The line between is very thin and littered with landmines.

Re:Details emerge of surprise board coup that ousted CEO Sam... by Draiken on Saturday November 18, 2023 @04:47PM (#38324890)
Depends on what we, as a society, want to value. Do we want to value people with connections and luck, or people that work for their achievements?

Of course it's not a boolean, it's a spectrum. But the point remains: valuing lucky rich people with connections as geniuses because they are lucky, rich and connected is nonsensical to me

Re:Details emerge of surprise board coup that ousted CEO Sam... by aledalgrande on Saturday November 18, 2023 @06:18PM (#38325907)
> Convincing people is the ultimate trade

So by your standard SBF is an absolute genius.

Re:Details emerge of surprise board coup that ousted CEO Sam... by hypnodron on Saturday November 18, 2023 @07:55PM (#38327023)
Apparently not, as he was not able to convince the jury that he's innocent
Re:Details emerge of surprise board coup that ousted CEO Sam... by bertil on Saturday November 18, 2023 @08:01PM (#38327078)
Not CEOs: founders.

Some founders don’t do much, and some are violently toxic (Lord knows I worked for many), but it’s rarely how they gather big financing rounds. At least, the terrible ones I know rarely did.

CEOs… I’ve seen people coast from Consulting or Audit into very mediocre careers, so I wouldn’t understand if Conway defended them as a class. The Cult for Founders has problems (for the reasons you point out, especially those who keep looking for ‘technical cofounders’ for years), but it’s not as blatantly unfounded.