Tech CEOs have this wet dream where they just speak into a microphone, “Create my product” and employees will no longer be needed. So… if it becomes that easy, why will Wall Street need tech CEOs?
Because they already don’t need a CEO to operate…
The entire point of a C- suite is to have a room full of fall guys for the board.
That’s it.
The entire point of a C- suite is to have a room full of fall guys for the board
This can’t be stressed enough. Every since the Sarbanes–Oxley Act of 2002 which came from the Enron and Worldcom collapses, C-suite exists as the person to go to jail if shit really hits the fan.
The idea of the law was to hold companies accountable, instead all if has done is force companies to create more layers and places to point fingers, thus muddling everything and making to where no one can be held accountable.
At the same time, Chief officers now knowing that there’s legal requirements, have just demanded outrageous pay and compensation because of the “massive risk” they are taking with any company.
I’m glad we have SOX, but boy has that law really missed the mark on what it was enacted to do.
Was talking to an executive at my company the other week. He sincerely seemed to believe the “executive insight” was one of the very few jobs at the company that couldn’t be done by an LLM. He predicted that he would probably lay off almost everyone under him by end of 2026 and just feed his amazing leadership ideas directly to an LLM to make happen.
Particularly a bit obnoxious as my usual experience about this guy is being called into customer meetings after he would meet with them. Usually the customer assumes we are a bunch of out if touch idiots if that is a “leader” in the company, and I’m one of the guys sales calls to have me reassure clients that they don’t have to take anything he says too seriously, and we do actually have some competence.
What CEOs never seem to grasp in that context is that they wouldn’t just replace their workers with AI but also their customers… AI doesn’t earn a wage and therefore can’t spend it on (unnecessary) goods… No customer, no revenue. No revenue, no profits. No profit, no dividends.
Probably why they’re working so hard on commoditizing basic necessities like food, water and housing into subscription based systems… 🤔
Exactly. Everything needs to be peak consumerism, or else their model of “line on the graph infinitely goes up” shatters. It’s a Brave New World dystopia.
Just reread Brave New World, and you’re spot on. I forgot how consumerism underpinned everything in their society.
It was like a tightly regulated market but in the worst way.
Yup. Everyone turns to 1984 as the dystopia of our time, but it’s really Brave New World, and it’s always been. Even Huxley said as much in a letter to George Orwell, lol.
Because they think they’re special. They think that AI can reduce the number of programmers, the number of support staff, the number of sales agents, because AI allows fewer people to do more.
But there’s only one CEO. One COO. One CIO. They cannot conceive of a company that operates without them, so they feel no threat at all. If they are replaced, they take their golden parachute and hop back on the executive carousel for another spin.
