this post was submitted on 18 Dec 2024
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It was acceptable. It's not like poor Brian Thompson had no other choice. He was making fat stacks at that position, and I'm sure he had other career opportunities.
It also feels kinda on point of what CEOs are sometimes supposed to be. I am not sure where I got this image from, but how I often viewed CEOs for companies where the CEO is not also the founder, is that those CEOs are the figureheads for what the company is doing, take on the responsibility of all the good and bad that is happening.
Like, usually those CEOs are shackled by the boards decision, so they are the face and "risking their neck and reputation". At least I heard that explanation used to explain why CEOs get so much money.
Yeah, that's how I have come to understand it as well. They are the public figure of a company, and are paid "insurance money" to take the fall if needed.