March 16, 2009 at 4:50 pm
What should be the prime responsibility of CEO?
Amit Lohia
March 18, 2009 at 12:54 pm
March 18, 2009 at 12:59 pm
Collecting bonuses and laying off workers while the business sinks like a stone.
March 18, 2009 at 2:04 pm
Michael Valentine Jones (3/18/2009)
Collecting bonuses and laying off workers while the business sinks like a stone.
Do you think that is a easy job? You have to be amoral for that.
Amit Lohia
March 18, 2009 at 2:05 pm
Steve Jones - Editor (3/18/2009)
http://www.steverrobbins.com/articles/ceojob.htm
Steve, in your own word please. One sentence.
Amit Lohia
March 18, 2009 at 2:34 pm
What it should be: To provide a vision and direction for the business that results in growth and advancement for the business and its employees.
What it is: someone else already said it.
March 18, 2009 at 5:33 pm
Hmmm, I already answered this in the other thread... 🙁
Although it does vary some from country to county (and even state to state) the CEO is the principal representative of the shareholders and therefore the CEO's job is to represent the best interests of the shareholders. This is generally a "fiduciary" responsibility which means that there is a very high standard of behavior and trust involved (between the CEO and the shareholders).
[font="Times New Roman"]-- RBarryYoung[/font], [font="Times New Roman"] (302)375-0451[/font] blog: MovingSQL.com, Twitter: @RBarryYoung[font="Arial Black"]
Proactive Performance Solutions, Inc. [/font][font="Verdana"] "Performance is our middle name."[/font]
March 18, 2009 at 5:37 pm
Steve Jones - Editor (3/18/2009)
http://www.steverrobbins.com/articles/ceojob.htm
OK, this site has my favorite quote today:
Too bad so few CEOs are good at what they do. In fact, only 1 in 20 are in the top 5%[1].
😛
[font="Times New Roman"]-- RBarryYoung[/font], [font="Times New Roman"] (302)375-0451[/font] blog: MovingSQL.com, Twitter: @RBarryYoung[font="Arial Black"]
Proactive Performance Solutions, Inc. [/font][font="Verdana"] "Performance is our middle name."[/font]
March 18, 2009 at 7:13 pm
Michael Valentine Jones (3/18/2009)
Collecting bonuses and laying off workers while the business sinks like a stone.
:w00t::-D:hehe:
March 19, 2009 at 12:51 pm
A CEO must lead the management of the company, and work to drive forward the vision of the entity, and provide an example of what is wanted from employees.
I think an astonishingly high number of CEOs fail in this regard.
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March 19, 2009 at 6:24 pm
Steve Jones - Editor (3/19/2009)
A CEO must lead the management of the company, and work to drive forward the vision of the entity, and provide an example of what is wanted from employees.I think an astonishingly high number of CEOs fail in this regard.
Do anyone think they fail because they have tremendous pressure from shareholders to increase the value at any cost? Can Stock option be blamed for this?
Amit Lohia
March 19, 2009 at 6:32 pm
Amit Lohia (3/19/2009)
Steve Jones - Editor (3/19/2009)
A CEO must lead the management of the company, and work to drive forward the vision of the entity, and provide an example of what is wanted from employees.I think an astonishingly high number of CEOs fail in this regard.
Do anyone think they fail because they have tremendous pressure from shareholders to increase the value at any cost? Can Stock option be blamed for this?
Partly, but a CEO cant escape by just blaming on that. Remember, CEO's main responsibility to report to board of directors and board of directors report to the investors.
March 21, 2009 at 9:49 am
not really, a board is responsible for guiding the ideals of the company choosing a CEO. The CEO reports to shareholders. The board is elected by shareholders, but sits as their representatives.
CEOs have pressure, but so do business owners. Stock options aren't the problem, IMHO, they're a symptom of the issues, and result of greed. Too many people treat the CEO position as a lottery ticket in the US. Almost none of these CEOs is worth millions of dollars in options or salary. They just don't produce that much value.
The problem often is that boards are made up of people that are CEOs of other companies, and so they inbreed the mentality that person xx is the right person and he's worth paying for.
That happens almost no where else in a company. If a developer says he's worth $200k a year for a $100k a year position, do you hire him? No, you move on and hire someone else. With CEOs, they think that this guy, who was either a senior person in the company, or ran some other company, is the "perfect choice" and they pay it.
There's no perfect choice. Pay them reasonably, and if they don't like it, hire the next guy.
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March 21, 2009 at 11:39 am
Steve Jones - Editor (3/21/2009)
not really, a board is responsible for guiding the ideals of the company choosing a CEO. The CEO reports to shareholders. The board is elected by shareholders, but sits as their representatives.
Right, this has been one of the most profound changes in modern corporations in the last 50 years, though it is rarely recognized or discussed. Fifty years ago, the CEO of a typical corporation was the president who reported to and was overseen by the chariman and members of the board, who themselves were elected by and reported to the shareholders. However today, the CEO of a corporation typically IS the Charmain of the Board.
While this makes the modern corporation more responsive to strong leadership and vision, it does so at the cost of a huge loss of accountability and the natural controls that come from built-in checks and balances.
[font="Times New Roman"]-- RBarryYoung[/font], [font="Times New Roman"] (302)375-0451[/font] blog: MovingSQL.com, Twitter: @RBarryYoung[font="Arial Black"]
Proactive Performance Solutions, Inc. [/font][font="Verdana"] "Performance is our middle name."[/font]
March 21, 2009 at 4:02 pm
Amit Lohia (3/18/2009)
Steve Jones - Editor (3/18/2009)
http://www.steverrobbins.com/articles/ceojob.htmSteve, in your own word please. One sentence.
Shoot... you don't need a whole bloody sentence... you can sum it all up in one word...
[font="Arial Black"]LEAD[/font]
Unfortunately and at least with the CEO's I've had the opportunity to meet, CEO is an acronym that actually means "[font="Arial Black"]C[/font]an't [font="Arial Black"]E[/font]ven [font="Arial Black"]O[/font]rganize". 😉
--Jeff Moden
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