this post was submitted on 25 Sep 2023
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Inherit a business that been successful for over a hundred years, and be the one to fuck it up so badly they have to close it down? Maybe they should feel bad.
I have no sympathy for anyone inheriting entire businesses.
Could've been a long time coming. Could've been that the previous owners were unethical and the current ones were not. It could be any number of things. It's not necessarily as simple as them "fucking up" and having to shut down.
something something no wrong moves and still lose
There's a reason that, were it ever to happen, I'd stop at SVP level and not jump to C level.
So that you can get paid less and still have to shoulder all the blame?
C levels don't have to take responsibility except when it makes them look good.
in my practical experience, thats not the case. it may be the case at $10B+ companies, but at <$99MM companies it's still much safer to draw a salary.
What a strange statement.
What about companies between $100m and $9.99b?
But ceos do pay themselves salaries.
This barely even makes sense and I really don't get what point you're trying to make.
I was just casually commenting that I don't want to be in charge of a company because I'd rather the risk be on someone else's shoulder, and then when it was implied CEOs take no risk I clarified that the type of immune to failure CEO you're talking about are different from the average business.