jdreyer wrote on Jun 21, 2018, 13:42:
There are a lot of different types of CEOs. Guys like my CEO or Costco's Jim Sinegal are servant-leaders, listening to and treating employees well as a path to customer satisfaction, instead of focusing on producing shareholder value. Unfortunately, psychopaths occupy C-level positions at 4x the occurrence of psychopathy in the general population. For those kinds of people, the focus is on wealth and power, and they can be hard to work for.
It often depends on the lifecycle of a company. The companies where employees love CEOs are ones that are still in high growth stages.
Once they become mature companies in mature markets, that slows down. CEOs in these companies tend to either have extremely short lifespans or extremely long. If extremely short, they're desperately trying to extend by making short term decisions for the shareholders, because the board reports to the shareholders. Decisions are made for tomorrow's stock price, not next decades stock price.
If they have a long term CEO, he's probably just really good at making the shareholders feel good.
The further we keep aggregating wealth into the few, the more powerful loud voices outside the company can be. The more powerful those voices, the less the company seems to focus on long term. Powerful shareholders want the most return, not the longest term return. No big deal milking something until it's dry, then moving to the next thing to milk just before it dies.