Pardon my venting, but what does a CEO actually do?

Ducimus · 09-09-12, 09:20 AM

@ Platapus

Welcome to my world. For the most part, CEO's are con artists. I think their scumbags, but as the saying goes, "that's business".

The company I work for was sold to another larger corporation in Illinois. Which, from the day of his appointment, was the goal all along. This guy, when he gets in, cuts bonuses, ceases all 401K matching, and moves the entire freaking company to be closer to his house. Never had i seen anyone stand up in front of a whole company, and spew fourth such blatant BS in meetings. The guy could stick it to you, and smile while he's doing it. Then He focuses the direction of the company to look attractive to buyers and immediate short term gains, gets the company sold, and then moves on to his next abomination.

Honest people who had several years with the company get cuts in pay and bennifits, longer commutes, or lose their jobs entirely. The CEO walks away with a bag of money. Now we have this chicago style management where the turnover rate with our new overlords is 2 to 3 years. I don't know how long it will all be, but if and when i get another job, Im gonna try and avoid the corporate world. It's a souless cuthroat place i don't care for. Probably why a number of people i knew quite before the company got too large.

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09-09-12, 09:20 AM	#9
Ducimus Rear Admiral Join Date: May 2005 Posts: 12,987 Downloads: 67 Uploads: 2	@ Platapus Welcome to my world. For the most part, CEO's are con artists. I think their scumbags, but as the saying goes, "that's business". The company I work for was sold to another larger corporation in Illinois. Which, from the day of his appointment, was the goal all along. This guy, when he gets in, cuts bonuses, ceases all 401K matching, and moves the entire freaking company to be closer to his house. Never had i seen anyone stand up in front of a whole company, and spew fourth such blatant BS in meetings. The guy could stick it to you, and smile while he's doing it. Then He focuses the direction of the company to look attractive to buyers and immediate short term gains, gets the company sold, and then moves on to his next abomination. Honest people who had several years with the company get cuts in pay and bennifits, longer commutes, or lose their jobs entirely. The CEO walks away with a bag of money. Now we have this chicago style management where the turnover rate with our new overlords is 2 to 3 years. I don't know how long it will all be, but if and when i get another job, Im gonna try and avoid the corporate world. It's a souless cuthroat place i don't care for. Probably why a number of people i knew quite before the company got too large.