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#ceo

brainwavelost@nerdpol.ch
brainwavelost

The Logic of Absurdity – and the puzzle of leadership irrelevance

“Leaders are often thought to be instrumental to the performance of the organizations they lead. However, considerable research suggests that their influence over organizational performance might actually be minimal. These claims of leader irrelevance pose a puzzle: If leaders are relatively insignificant, why would someone commit to leading?”

#leaders #ceo #leadership

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anonymiss@despora.de
anonymiss

#Starbucks #CEO is under fire for plan to commute to #office by private #jet

Source: https://www.cbsnews.com/news/starbucks-ceo-commute-private-jet/

But while other workers will commute by car or public #transportation, Niccol will travel nearly 1,000 miles from his home in Newport Beach, #California, to Starbuck's #Seattle offices, by corporate jet, according to his offer letter, which was made public in an SEC filing.

#job #work #Problem #economy #climate #environment #co2 #transport #news

Starbucks CEO is under fire for plan to commute to office by private jet

Incoming CEO Brian Niccol is under attack from some over his planned commute from Newport Beach to Seattle.

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anonymiss@despora.de
anonymiss

K1 Acquires #MariaDB, a Leading #Database #Software Company, and Appoints New #CEO

Source: https://www.prnewswire.com/news-releases/k1-acquires-mariadb-a-leading-database-software-company-and-appoints-new-ceo-302243508.html

"As we look to the future, with new leadership and the partnership of K1, I have never been more confident in the future of MariaDB. It has been my pleasure to serve MariaDB as CEO and I look forward to supporting Rohit as he transitions into the business," said Paul O'Brien, former CEO of MariaDB.

#economy #finance #investor #news #future #db

K1 Acquires MariaDB, a Leading Database Software Company, and Appoints New CEO

/PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced the completion...

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anonymiss@despora.de
anonymiss

#Telegram will start #moderating private chats after #CEO’s arrest

source: https://www.theverge.com/2024/9/5/24237254/telegram-pavel-durov-arrest-private-chats-moderation-policy-change

Earlier today, Durov issued his first public statement since his arrest, promising to moderate content more on the platform — a noticeable change in tone after the company initially said he had “nothing to hide”. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform,” the company wrote in an unattributed statement posted in August.

#PavelDurov #Durov #chat #privacy #justice #france #EU #legal #surveillance #news #internet #communication #chatcontrol #economy #jail

Telegram will start moderating private chats after CEO’s arrest

Pavel Durov said this week the company would moderate content

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libramoon@diaspora.glasswings.com
libramoon

https://jacobin.com/2023/11/ceo-performance-pay-inequality-tax-loopholes-stock-buybacks-trickle-down-myths/

#CEO Performance Pay Is One of #Capitalism’s Great Myths
BY
LUKE SAVAGE

..."A new analysis jointly conducted by the Institute for Policy Studies (IPS) and the Congressional Progressive Caucus Center (CPCC) suggests that colossal increases in CEO pay are unrelated to improved performance and reflect little more than “a rigged system that extracts wealth from ordinary workers and channels profits to the top of the corporate ladder.” This is immediately evident when you look at the methods used to inflate compensation for the highest-paid executives.

Once illegal and considered a form of market manipulation, stock buybacks allow a company to artificially inflate its own value. In 2021 and 2022, the analysis notes, companies on the S&P 500 spent a record amount on the practice and, since the lion’s share of CEO pay (on average just over 80 percent) now comes in the form of stock options, the upshot is that executives get a massive boost as well.

As William Lazonick put it in the Harvard Business Review nearly a decade ago: “Why are such massive resources being devoted to stock repurchases? Corporate executives give several reasons . . . but none of them has close to the explanatory power of this simple truth: Stock-based instruments make up the majority of their pay, and in the short term buybacks drive up stock prices.” Far from being efficient, moreover, the IPC/CPCC analysis points out that the billions now spent every year on stock buybacks represent money that might otherwise be directed to more productive or constructive ends like research or simply higher wages at a company.

Needless to say, there is no particularly good or defensible reason for an executive to make hundreds or thousands of times more than a worker. There are, however, plenty of relatively straightforward ways that the problem of outlandish CEO compensation could be addressed through tax policy. As the analysis notes, the Tax Excessive CEO Pay Act backed by Bernie Sanders and Elizabeth Warren in the Senate and Barbara Lee and Rashida Tlaib in the House would link the federal corporate tax rate paid by companies to the size of the gap between median CEO and worker pay. Other options include levying an excise tax on firms with a disparity of more than 50:1 and closing tax loopholes that enable executives to park money in special tax-deferred accounts."...

CEO Performance Pay Is One of Capitalism’s Great Myths

The ratio of CEO pay to worker pay is almost 300 to 1. Are we really supposed to believe CEOs work 300 times harder or create 300 times more value than us?

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anonymiss@despora.de
anonymiss

#SamAltman to return as #CEO of #OpenAI

Source: https://www.theguardian.com/technology/2023/nov/22/sam-altman-openai-ceo-return-board-chatgpt

The San Francisco-based #company made the announcement after days of corporate drama in the wake of Altman’s surprise sacking on Friday. Nearly all of OpenAI’s 750-strong #workforce had threatened to quit unless the board overseeing the #business brought back #Altman and then quit immediately afterwards.

#news #ai #economy #management

anonymiss@despora.de
anonymiss

Is your #workplace ready for flexible #work? A survey offers clues.

Source: https://www.mckinsey.com/industries/real-estate/our-insights/is-your-workplace-ready-for-flexible-work-a-survey-offers-clues

"Though organizations acknowledge that hybrid work is the new normal, most have not yet adopted true hybrid principles, which include creating policies, workflows, and documentation to help employees understand the most effective ways of #hybrid working."

...

"Many #company leaders today are preoccupied with the ongoing debate about days in the office rather than the capabilities and strategies being deployed to create a sustainable, responsive, and magnetic workplace experience."

#news #economy #society #politics #management #leader #problem #office #employee #labour #ceo #capitalism

Is your workplace ready for flexible work? A survey offers clues

Flexible work can deliver both better employee engagement and real estate savings. Here’s how tenants and investors can prepare.

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anonymiss@despora.de
anonymiss

Was the action with the #sink at #Twitter actually silly, funny, poetic or embarrassing?

I found it funny at least that journalists outside the English-speaking world didn't understand the verbiage and spent a long time puzzling over whether he was completely off his rocker. What happened to the sink? Should the next Twitter #CEO also bring a sink or should Musk go out on his last day with a sink?

#question #economy #internet #office #leadership #joke #satire #humor #fun #funny

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