Why are CEOs Quitting at Record Pace? | Vantage with Palki Sharma

[@Rayjack-m9o]

Their collecting their Platinum parachutes and getting out while stock markets are at all time highs !

[@HealthWealthBalance]

subscribers

[@tiz6549]

CEOs are grabbing their money bags & getting the hell out!!

[@gs-e2d]

haha

[@Da1its0Uf8oma]

Intel CEO didn't quit. He got laid off, and it was not his mistake. He just inherited the mistakes of previous CEO's. This is what happens if you put a bean counter in a position rather than an engineer for a technology company like Intel.

[@HyBourn_IwillnotComply]

Exactly...plenty of these bean counters are out there being CEOs, just look at Tim Cook, Iphone is just growing cameras and buttons in every iteration they come up with. Then the worst kind is the "caretakers" who gad knows what background they are from. Nissan screwed up bigtime when they sacked Ghosn like the Yakuza.

[@muraliranga]

Contradictions. He inherited the mistakes of his predecessor - CEOs who were Engineers, yet appointing an Accountant as CEO is the problem. Which one is it?

[@Da1its0Uf8oma]

@@muraliranga Pat Gelsinger is an engineer. Bob swan, Paul Otellini, Brian Krzanich all his predecessors are MBA's, accountants, salesman, bean counters, call what you want. None of them are qualified to lead than position. Again all these companies are driven by focus on quarterly profits, stock buy backs and increase on stock prices. Intel is just one data point. this culture is in India too.

[@mangothing1604]

Who cares? He took the job and the pay packet, knowing full well that he couldn’t succeed. The board should be sacked too.

[@tipoomaster]

Right, I wish Firstpost would work on error checking more, this reporting is simply wrong

[@jijilr]

They are quitting as they can afford (paid well enough during their tenure) to quit. There is not mystery or riddle here.

[@sirajsid7760]

No CEO in this world develop a business from scratch but its founders. They make money only if the product success in the market. Now the business is not as usual due to geo-politics and at this situation CEO have no ability to make profits. The reason to resign.

[@ParikshitSarve]

Make me ceo for just one month and I will resign once I receive salary....that's enough for me 😂

[@anitha_m1851]

😆😆

[@nalinaxipujari6828]

😂😂😂

[@Dheerajburad-nl7pn]

The reason behind fall of large co.s Seems to be the pressure by small and medium scale co.s and they are at the verge of getting ready to become the next big companies as they are adopting faster. Time for New companies to step up and rule the markets

[@KeithJones-mt6rb]

They dont know what they are doing thats why plus they got the money so damn the company

[@kamilkachnic7360]

No one will miss them!

[@dailyui636]

Simple solution. Stop paying them so much, when there aren’t able to deliver. Hire someone who can do the job at a reasonable price. Run incentives within the company. In my experience, most of these hire ups, are aloof from the ground reality. They only sit in their air conditioned offices, pretend to by busy, give motivation talk and leave home early. What’s the Outcome? Increased bitterness within the teams, who are actually doing the work, honest and hardworking employees quitting due to unrealistic expectations set by these wacko ceos. It’s such a simple solution but most companies seems that they have forgotten the basics.

[@deezeed2817]

The problem is that they don't understand they're dealing with people. They all make the mistake of looking at this from the perspective of an accountant. They go in start cost cutting or leeching for more profits. All of these alienate people and creates a cycle of mistrust that worsens the long term state of the company.

[@erictred4529]

@@deezeed2817 Ahh Capitalism isn't it great me beating you down for a lousy .05 gain in your stock. And are next game is the throw people under the bus game another favorite amongst CEO's

[@vivek777ish]

CEO can come & go.. but the company should run forever😅

[@manojramesh4598]

Companies run and go, so that next generation companies get a chance, even jeff Bezos says Amazon has to fall someday

[@chetanbu7922]

You really don’t need a CEO to manage a company u just need workers who can guide the company forward, u can save so much.

[@tipoomaster]

"Quitting" sounds willing. And then "Resigned"? This report is just wrong guys, nothing about it sounded willing, the board ousted him with a very early morning newsroom announcement. I would have been willing to see Pat's results after a full 5 year silicon design cycle, but I hope the next person can accelerate it even more. It sounds like the board itself needs work.

[@OsungaOkello]

Zero accountability, beyond the loss of their own benefit. If the company goes down , they don’t pay.

[@mangothing1604]

Go to the German model. CEOs don’t get paid 100x salaries and employees sit on board.

[@Thoughts2002]

pretty much all companies have the similar sounding vision - Customer focus, operational efficiency blah blah but the execution is what makes different - most of the western world is running on abundance of investment with aging population. People are no longer willing to spend on unnecessary stuff.

[@kumarns5485]

They know what they have done to the organisations they served. They think it’s right time to encash their stock options before it’s too late to leave. Some of them like Brad at Woolies, were booted out and they deserved it.

[@musaquazi3495]

Simple economics: GTFO with obscene amount of money. The time is NOW.

[@alancadorette3447]

CEO's are supposed to show how to grow, and get rewards for doing it. Elon did it and a few shareholders are stopping his pay package, not a good thing

[@nickj3287]

Roadster where is it, was meant to come before cyber truck, But I thought he was already paid long time ago. I guess someone isnt happy that holds a lot of shares... one of them big investment institutions, You dont believe musk funded all those projects himself ... Come on man , SpaceX with a 100 and odd million , very unlikely...

[@Pause_café_Avec_Dr_Djon]

US stocks market is a casino… Elon tried to run away with the bank while the cards were still on the table …

[@nickj3287]

@Pause_café_Avec_Dr_Djon it is a gambling house unless you hold the asset and can sell the asset when you decide... But there is a motion to gamble on speculation for bigger returns.. Me personally if I held currency, I would apply different strategies and it isnt gambing but managing the assets correctly... Speculation and management is totally different.

[@mangothing1604]

I’d be happy to quit after 12 months @ $28m. I wouldn’t even try to wreck the company.

[@raghavtrehan2534]

Awesome report

[@jaswantisrikanth2476]

They have moved on to living stressless life with bags full of money

[@louislepage5111]

Great Job Pat 🥴

[@AnonymousAnonymous-dc3jm]

It's called drilling holes on the ship and getting into the lifeboat with all the gold and row away.

[@rahimoseni]

Crazy right 😮😮

[@oRohitdev]

They have made enough money and are not willing to compromise with their reputation.

[@ze9947]

There is a saying that when you are in the right place, even a pig can fly. In today's global environment, we can see who is a human and who is a pig.

[@Muricans1776]

Don’t know of any company that says hey let’s go partner with Intel on this . Decades of hubris , treating customers like trash and routing capex / development innovation dollars to executive compensation and share buybacks.

[@jason-us8pc]

WHEN SUMMER IS AROUND EVERYONE APATIES BUT WHEN WINTER ARRIVES THEY LEAVE, NO EASY WAY OUT

[@joshuajamessagritalo5906]

Pat didn’t quit tho.. he was let go

[@krunalgoswami4734]

Principal as well

[@NationalCAAcademy]

Understand

[@hondaopportunity8107]

Very simple, not all , but most of these companies have gone to far with their woke policies. The DEI, woke policies are not working and hurting their business.

[@ranjumahendra7393]

Hope young and dynamic minds take place who will take companies to new hieghts and create more employement. It's a shame on all those companies, that lot of aspiring minds are laid off, and this is growing even more. Hope the world get's better with this thing, and stop the collapse of a generation who are aspiring to work and survice.

[@SelfTaughtArtist1]

P-Diddy

[@ghostbansurvivor6229]

They want you to think that because they're doing much worse to the economy

[@behramjiaftaabb]

There are CEOs retiring as well

[@MP-ky8sr]

they are cashing out as the bubble is about to burst, once they are out they can sell the stocks

[@goolooggg9005]

Replace with indian CEOs, indians to rule america...

[@WebosNone]

Lol, Indians are salaried ceo and agree to everything. That’s why Americans prefers them , weak CEO who can’t raise voice

[@rgfromkl3594]

Add Stellantis to the list - tried the same shity ideas expected different results and failed

[@java2architect]

Because they get millions to do basically nothing. Market has been good. They know it cannot continue. They know they had nothing to do with stock prices of their companies increasing. Sign of a top in the market.

[@appmobilie7121]

Trust me not worth that much!!!!!!

[@vimalsnair9188]

Trust people with ability than brands or big firm…. Companies were not made because of big people coming from big companies or b school… but person with passion should be considered

[@pompamazumdar4315]

How dumb news. Intel's CEO was fired not resigned.

[@devildewaz]

Western Companies in Particular.. correct me if I m wrong

[@atulmaratheoo7]

All four company CEO have their Tummy is full and now cannot run as before.

[@user-je7pc2mp5e]

To those indians who will say that the CEO isn't indian that's why Intel fell back in A.I., let me tell you Sundar Pichai is an Indian origin CEO and Google fell back in A.I. race even though Transformers were invented in Google.

[@SangramGupta-e8q]

Lol, Gemini is catching up. In fact in Datawarehousing, GCP growth has been the fastest amongst hyperscalers and their TPUs are outperforming Nvidia GPUs on inference. The only autonomous fleet in the market is Waymo, the highest profit generating social media platform in KZbin, Chrome has a marketshare of 93%. Do you even know tech or just entered? Dremel Transformers Bert were first to research but unlike OpenAI which is private, it does not have to answer to stakeholders. Alphabet is public listed which means capex cost have to be leashed for investor presentation. Also, remember Pichai has successfully countered all the Congressional hearings in US and Alphabet has come out stronger. Take pride in yourself and your identity. Also learn more.

[@b2wme]

Your understanding of Google's capabilities seems to be limited.

[@justinhawk835]

@@user-je7pc2mp5e Google 's Gemini is literally growing really fast. It is catching up the race. Indians are smarter than you kiddo.

[@user-je7pc2mp5e]

@@SangramGupta-e8q Your first line, "Gemini is catching up." just accepts that Google lost the A.I. race. "TPUs are outperforming Nvidia GPUs on inference." This is not a big deal and is temporary. The rest of your paragraph has nothing to do with technology. It talks about market share of KZbin and Chrome and how Sundar escapes Congress hearings.

[@SangramGupta-e8q]

How did you quantify win or loss? Are you the sole and almighty decider? No market is and market is rewarding Google under Pichai. Is it for sure that Open AI lead(not win) is permanent? Just like Yahoo was the first search index, was it a winner? Amongst all AI making companies, cash flow of Google is the most and increases every year. @@user-je7pc2mp5e

[@roshangowda6550]

U can add jaguar to it in comming months

[@JoshuaJackson-r4o]

They're all on the epstein and Diddy lists

[@Nerosung]

40% left the company because of Diddy stop lying 😂

[@beegonee]

Too many political scams today.

[@Vikramarkudu20005]

He focused on foundary business rather than products which lead to his downfall. Intel had resources to get a best AI GPU out in 2023 but due to foundry focus they needed money more to it Biden administration failure on delivering CHIPS act on time.

[@PuspaPuspa-s9q]

Why

[@dantetorres2960]

Kasi baka naman mga bb talaga. Malaki lng sweldo

[@atw007]

AI will soon finish CEO's position altogether.

[@nagarajung4117]

Our adani Ambani will not quit

[@MrBANTY1111]

Ma'am now a days early retirement is a necessity. When will they live life. Not every one wants to be another joe biden. Besides the young generation is getting a better opportunity in a very early stage of life; when their mind and body is still young and fresh🤔

[@fanlee6560]

Precisely, most of these cushy office jobs are there to waste money only, esp the CEOs if they are not the founders are quire useless, their job will mainly be just talking, put anyone else there to open their mouth to talk, no much diff. if they are out of job the next day, their prestige also gone.

[@kamathmanoj]

Stellantis?

[@infinite.eternity]

Most useless post with most extravagant salaries

[@Zippo_Lighter]

Get woke go broke.

[@abhinavmenon9140]

Do we really need them 🥴

[@leeroyhustle]

They quit because of Diddy

[@vishnukant8733]

Because they are overrated and worthless

[@bityb6858]

AI

[@user-je7pc2mp5e]

Now all the self-proclaimed chip engineers and scientists will give "knowledge" in the comments.😂😂

[@manumudgal5776]

Yep😂

[@Martin_Priesthood]

CEO very overrated

[@muraliranga]

It is more like great CEO cleanup.

[@paultsjan6047]

India to the rescue. India is the most powerful country in the world. India is all blessed with swami, guru, smart alecs and big talker. Indeed, India is blessed by such talented people to take over CEO’s position all over the world. The 21th century belong to India The 21st century belong to India with diaspora of Indian origin all over the world taking up leadership positions. India will rule the world with its global domination of 1.4 billion people with top talent from India that will help India accelerate forward to greater height. People as human capital with knowledge and skills is abundant in India. With 1.4 billion people with top talent from India and more than 50% of its population below the age of 25 and the average age of an Indian is 29 years, it will help India accelerate forward to greater height. Indian-origin CEOs are currently leading some of the world's most successful companies in a variety of sectors. Rishi Sunak was the Prime Minister of Britain. Vivek Ramaswamy is no exception. It is not a problem for Indians to fill up the space of CEO in any vacancy. LOL!!!

[@dillonsawyer9377]

Nice wig😂

[@priyanshiagrawal1881]

Have you put a wig?

[@WebosNone]

Outsource work to India , especially South Indian lobby who will destroy company culture and in the no steps or measures can save CEO’s .

[@bireswarhalder9765]

Useless commentary. The main reasons for the downtrend are not the CEOs. They don't have any say in the government policy making framework. The USA badly needs the China market. Because of government decisions where they see security threats everywhere, Hightech company's are suffering badly. This damage would be permanent, as China is steadily developing its own chip industry through innovations. Alternative methods to EUV technology have been successfully developed for high end chip production.

[@MRk-c2n8c]

Ofcourse when the people of the world realises that...most of the IT products which is produced is not at all required by the common citizens to lead a normal simple life.....there are no buyers for these products......it has reached "saturation"....so will be the income of these companies....Now it's high time to think on equitable distribution of wealth & resources among all citizens of the nation...disparity of wealth /income has to be avoided at any cost.....Financial / food / shelter / medical needs of the people are to be the priority ....and NOT the reverse way.....Reducing poverty & financial stress among citizens of the nation has to be the priority....NOTHING ELSE...that's exactly the reason for voting..

[@striker44]

Yes, go back to the farm and plough the fields and hunt for food. No one is stopping you. Also, leave the social media, internet, and use of digital devices. Not needed for your self sustaining farming. Best way to live axrich unpolluted life.

[@viratsanatan6770]

Wokes

[@amantyagi4992]

Palki , you are irritating AF.

[@ncrramya4777]

This CEO quiet bcz of Babji making them something Trump going to rule 4yrs....& more his party the world going to watch we to... Mm

[@adityapatnaik7078]

Palki should be thrown out of first post ??

[@GolTriangle]

Her reporting added millions of viewers on wion and now on firstpost, their success story.

[@msdolly6101981]

They don't run their company like you😅

[@AG-zy3pf]

Again palki come with job loss, fear and demotivational topic for yonger. You used to bring hope in people when you were in WION.

[@brijeshtiwari1671]

Goodafternoon mis.palikisharmaji