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this post was submitted on 31 Aug 2025
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I guess I did have to specify "not all CEOs". Yes, from time to time there are going to be exceptions. I don't accept your assertion that it's common, but I'm sure that, on average, the US is worse than most other countries in this regard.
Nobody gets hired as CEO for "leadership capacity" alone. They also have to demonstrate what they will lead the people to do, and that better be something that will make the shareholders money. Bernie Sanders has generational leadership skills, and no board of directors would ever hire him as a CEO, not unless they want the employees walking off with the company.
Another thing I will concede is that I'm talking about public corporations, the kind that are listed on the stock market. Those dynamics don't change much when you leave the US, unless it's a country where the government forces it.
You didn't. 👍
Many companies with a CEO are companies not on the stock market. Lots of companies are small. In fact, surely the "vast majority" of companies with a CEO are small companies not listed on the stock market?
So if you choose to exclude those, we aren't talking about the same thing here. You can't say "all CEOs" and not include all CEOs.
Charities in particular can have a CEO, and those can certainly be a lot more diverse. Exceptions aside, I do think it's true to varying degrees of all CEOs or really anyone with serious wealth.
No true Scotsman. Further clarifying that they need serious wealth. Which is far from the "vast majority" of all CEOs in the world.
I think we reached a consensus here?
Not really, but close enough.