If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO

Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by slt2021 on Wednesday May 29, 2024 @12:58PM (#40514170)

CEOs lose jobs all the time, yes they get to receive golden parachute - but it is a cost of hiring a CEO. Like severance.

Same way no good FAANG engineer would sign up without good pay package like base+RSU+bonus - same way no good CEO would sign up for a high risk CEO job without golden parachute.

Because it could well be their last job if they fail. or last good CEO job.

Imagine having only one shot at working as Engineer and without ability to jump ship because all your actions are public and you are associated with your company success

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by bluefirebrand on Wednesday May 29, 2024 @01:10PM (#40514333)

> same way no good CEO would sign up for a high risk CEO job without golden parachute

This doesn't make sense

The golden parachute means that these jobs are not "high risk" at all

Oh no you got fired and wound up with a severance package that is big enough that it could set you up for life and you can retire right now? The horror!

That's not risk. Someone working a minimum wage job living paycheque to paycheque is taking more risk when they take a sick day than any CEO with a golden parachute contract ever takes in their whole life

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by bitcharmer on Wednesday May 29, 2024 @01:15PM (#40514389)

Thanks for replying but I think you might be confused a little. There's no comparing a FAANG engineer with a CEO. The former won't be able to live comfortably for the rest of their lives with an engineer's severance package. The latter absolutely can.

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by slt2021 on Wednesday May 29, 2024 @01:47PM (#40514688)

you are confused if you dont understand the reason why CEOs have big severance while engineers have smaller severance

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by bitcharmer on Wednesday May 29, 2024 @02:10PM (#40514945)

Maybe, care to elaborate further?

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by slt2021 on Wednesday May 29, 2024 @05:00PM (#40516974)

CEOs dont have an option to jump ship. All their actions are scrutinized heavily since they are public. By accepting CEO job they accepting a risk this could be their last CEO job ever, if they mess up. Thats why they require golden parachute.

If you want to hire CEO, that means your company is in trouble and desperately need good steward. You want to hire strong CEO, but he is taking a risk that he demands to be compensated for in case you change your mind want to change CEO again.

with engineers - risk is smaller, plenty of engineers just jump ship to another company (and many even get a pay bump) after failing at current job. Thats why severance is smaller than CEO

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by bitcharmer on Thursday May 30, 2024 @02:36AM (#40520773)

This makes no sense. CEO job carries zero risk if there's a golden parachute attached to it.

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by slt2021 on Thursday May 30, 2024 @12:01PM (#40525256)

risk is not zero, since golden parachute is usually less than potential lifetime earnings as CEO (for top tier candidate).

CEO may get $20 min as severance, but would potentially lose hundreds of mils had he not taken this job, and instead pursued another job that lasted for longer

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Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO by fennecfoxy on Friday May 31, 2024 @09:42AM (#40535036)

There are tonnes of CEOs that fuck up and still get jobs as CEOs at other companies. They all go to the same private schools/universities, they've all done MBAs and they all continue to socialise through their careers.

Same situations with politicians and police forces, they create a club whereby all members are unduly supported.

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