Re:If A.I. Can Do Your Job, Maybe It Can Also Replace Your CEO
by dangus on Wednesday May 29, 2024 @01:03PM
(#40514241)
Of course CEOs can be replaced with AI. Elon Musk proves that it’s not a full time or even a part time job with a solid amount of hours. He “runs” 4 companies and still has time to argue with strangers on the Internet. And he has the gall to ask for a compensation package that equates to $10,000 for each automobile Tesla ever sold.
Honestly, let’s just start by replacing CEOs with people who are paid in somewhat of a sane way proportionally. There’s only one CEO job and a handful of senior leader jobs. There are almost certainly far more qualified individuals than there are positions to fill - so why are companies continually giving away their coffers to these executives?
Is there really nobody qualified who would jump at the chance to be the CEO of Disney for a modest $5 million/year salary? That would be a dream job for a whole bunch of cast members and imagineers, many of whom have real industry experience and education credentials that would make them qualified.
It’s weird to me how companies use obvious supply and demand logic for all the employees except for the executive suite. Is there a shortage of MBA graduates or something? Isn’t it one of the most popular majors?
I’ve seen compensation and equity compensation numbers that just look completely insane to me. Companies that have CEOs that make enough money to be equal to 10% of the company’s entire debt load or profit or other crazy huge metrics. In what world is a CEO worth more than reducing the company’s debt by 10% or increasing their profit by 10%? In what world does any individual need to be given compensation that is in the triple digit millions of dollars for anything?
Honestly, let’s just start by replacing CEOs with people who are paid in somewhat of a sane way proportionally. There’s only one CEO job and a handful of senior leader jobs. There are almost certainly far more qualified individuals than there are positions to fill - so why are companies continually giving away their coffers to these executives?
Is there really nobody qualified who would jump at the chance to be the CEO of Disney for a modest $5 million/year salary? That would be a dream job for a whole bunch of cast members and imagineers, many of whom have real industry experience and education credentials that would make them qualified.
It’s weird to me how companies use obvious supply and demand logic for all the employees except for the executive suite. Is there a shortage of MBA graduates or something? Isn’t it one of the most popular majors?
I’ve seen compensation and equity compensation numbers that just look completely insane to me. Companies that have CEOs that make enough money to be equal to 10% of the company’s entire debt load or profit or other crazy huge metrics. In what world is a CEO worth more than reducing the company’s debt by 10% or increasing their profit by 10%? In what world does any individual need to be given compensation that is in the triple digit millions of dollars for anything?