Remember this?
UnitedHealth uses AI model with 90% error rate to deny care, lawsuit alleges
The CEO is an employee, a manager. You know how shops have managers hired by the owners to run the place? If that were the motive, wouldn’t owners be the preferred target?
Did you just say with a straight face that a CEO is simply a middleman who was powerless to change the internal workings of a system?
He’s right to suggest that a board of directors should possibly be looked at as equally to blame for a company’s policies and actions.
A CEO is a CEO. Just because they are accountable to the shareholders does not make them working class. The CEO is the closest thing a corporation has to a singular owner. Their compensation package includes shares (ownership) of the company and they are the ones who make the decisions.
Literally their “job” is to be responsible for the actions of a corporation.
Sure, they do make a lot of decisions, no question. However, those decisions are at the direction of a Board of Directors.
In the same way a manager would be fired if they went against their owners wishes, a CEO is similarly subject to their superiors.
If a CEO has very little authority as you claim then what the fuck are they getting paid all that money for?
The way I see it they either run the company, in which case they own the blame for a company’s failures, or they are just a figurehead with no real influence, in which case they don’t need to be paid any more than the actors the marketing team hires to be in their commercials.
