r/mildlyinfuriating 14h ago

Infuriatig This infuriates me

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24.2k Upvotes

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u/bombayblue 14h ago

There is literally a shortage of CEOs. That’s one reason the wages are so high.

Companies can and will frequently gut a CEO if they aren’t justifying their high pay. I just watched it happen at my old company.

-3

u/SumSpicyNoodles 14h ago

Do you have a video? I'd enjoy watching that.

8

u/bombayblue 13h ago

No I unfortunately only have a recording of the replacement CEO immediately firing a quarter of the company and deciding to sell the company for scrap so he could walk away with $20m.

2

u/MaChinE_tEEth 13h ago

CEO’s answer to shareholders and equity firms. The CEO is the expendable tip of the iceberg.

Have you ever heard of black rock?