NB: that is not a quote from the email/article. (It's a reference to other CEOs who said that, but is not in this one.)
I wish companies would report their CEO's internal performance reviews this year. I suspect it'll be framed as making the best out of a bad situation rather than severely misjudged macroeconomic conditions.
I mean, would you prefer they blamed someone else? The C suite and the Board are ultimately responsible for over-hiring and layoffs.
I prefer that the word responsibility actually meant something.
> I mean, would you prefer they blamed someone else? The C suite and the Board are ultimately responsible for over-hiring and layoffs.
Board should automatically reduce CEO pay to $1.00 for the current and the next year every time a CEO "takes responsibility".
It's a nice thought but this would send companies hurtling towards IPOs even faster than they are already doing, and using even more tricks to pump the stock.
They will have lots of problems trying to hire the next CEO then.