this post was submitted on 19 Jan 2024
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Are you suggesting the company runs with no leadership? Or are suggesting the board hires leaders with less experience? Or are you suggesting the board offers less to the leaders they attempt to hire (who - broadly - choose based on the size of their compensation, like everybody else)?
No leaders or bad leaders tend to lead to failing companies and more job losses.
Try and be specific about your proposal instead of just spluttering platitudes.
I'm suggesting that the current leaders earn their pay through definable metrics. If the company is growing why are they shedding workers? It's an indication that management either over-hired before or is stupidly firing people now. Both are bad.
I can 100% guarantee you that 99% of all C-suites are held to very definable metrics as a large part of their compensation.
You didn't answer the very simple questions I asked about growth.
Ah fair enough.
If the company is growing why are they shedding workers? I mean, I don’t know, but some avenues I can imagine are: Their growth is happening in areas that aren’t people-intensive, their profit margins are lower than their competitors, they don’t have the right people to meet their strategy, they hired in anticipation of some trends continuing and they don’t, etc etc. Or a combination of the above.
I’m not saying that their leadership is blameless. I’m only saying that from the data I have, their leadership isn’t automatically to blame either.
Leadership is always to blame if there are problems. That's what being a leader is.
Here's an easy way to tell who to blame: if their recent projects were a success, who would get the accolades?
The executive leadership team, most likely. No one would say "they don't automatically get credit". So they should get the blame when things go poorly.