this post was submitted on 25 Feb 2025
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Technology
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Companies need a well paid fall guy so they can demonstrate the illusion of solving the major problem by letting them retire.
you've left out the most important part: the CEO can make decisions that harm the company but benefit the other higher-ups (e.g. signing a moronic contract with a subcontractor owned by them), and then when they've done that enough that they can't justify keeping them as CEO any longer they can kick them off with a massive golden parachute that gets portioned out to the same higher-ups, then they can repeat the whole thing to keep sucking the corporation dry like a disgusting mosquito.