I think you may be conflating the executives of a (publicly held) corporation and the corporation itself. Even executives are ultimately still employees. They’re trying to maximize profits because that’s their job, not because they get to keep the profits. They can be fired by the board of directors (and through it the stockholders) and they will be fired and replaced if the board decides that someone else (either another human or an AI) would do a better job.
I’m ignoring a lot of complications but I think that what I wrote is a good general description.
I think you may be conflating the executives of a (publicly held) corporation and the corporation itself. Even executives are ultimately still employees. They’re trying to maximize profits because that’s their job, not because they get to keep the profits. They can be fired by the board of directors (and through it the stockholders) and they will be fired and replaced if the board decides that someone else (either another human or an AI) would do a better job.
I’m ignoring a lot of complications but I think that what I wrote is a good general description.
Idk man, the simple math of CEOs being given bigger and bigger bonuses - seemingly across the corporate board - tells me what you’re saying is wrong.
It really depends on the company structure. Oftentimes a company is a subsidiary of another company. The CEOs of those companies are usually employees
Edit: But you are right about the boni
CEOs very commonly serve as board members for their friends’ companies. In many instances they’re the same thing.
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