this post was submitted on 08 Apr 2024
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Often execs stick around longer than that.
Even if they do, they get bonuses for short term stock gain, not long term stuff. If the going gets bad, they totally do bail. Some companies - khm Reddit khm - even bring in execs just to take a fall when that happens, only for the same guys who set the problem up to take back the reins after the fallout.
They generally have a large part of their net worth in company stock and are getting options. Thus long term matters.
It's supposed to work like that. You're naive to think it actually does work like that for a majority of companies nowadays.