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\”Firing CEOs: Why Tech Executives Should Bear the Brunt of their Bad Decisions\”
CEOs are rarely held accountable for their decisions. Despite the risks associated with layoffs, CEOs are rarely held personally accountable for the decisions they make that result in people losing their jobs. In many cases, they are rewarded for doing so, with bonuses and high payouts. If companies are serious about making their executives accountable for their actions, they need to make sure that these top executives have skin in the game. They should have to take a pay cut or face termination for failing to manage their companies responsibly. That’s the only way to ensure that these executives have a real incentive to take responsibility for their decisions and to ensure that their companies are run in a way that benefits their employees, not just their executive salaries.
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