• 0 Posts
  • 2 Comments
Joined 1 year ago
cake
Cake day: June 10th, 2023

help-circle

  • There is another aspect, sometimes a CEO is brought on in a knowingly temporary situation. Sometimes a company needs to make an “unpopular” decision, like massive layoffs or restructuring. Or they just need a CEO to come in and stir the pot. They’ll bring the CEO in, they’ll do their thing, and then once the deed is done, they will “decide it’s best to part ways” in some form.

    This sort of CEO position usually is a one and done for that person making them a less desirable candidate for employment in the future, so they get a nice golden parachute to compensate. Basically, they get paid to be the “bad guy” and are essentially selling themselves as a scapegoat for the company.