In the end CEO just a slave puppet for the BoD, HR, Finance. High pay of course.
Does he really set strategy?
What is the tangible impact of a CEO?
Cant 2 or 3 existing VPs share this role?
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Why not just go with the BoD, COO, CIO and just a handful of VP positions. You can eliminate the majority of the wasteful VP positions. These people are totally useless and there just because they are friends of the uppers.