OK, how about the shareholders that elect the Board of Directors? Should they be “removed” as well?
My point is the function of the Chief Executive Officer is specifically to be accountable and responsible for the business functions of the company. Yes, BOD has made a bad call selecting him as a CEO and the shareholders will have an opportunity to re-elect the BOD, but how the business is run (the “Chief Executive” part) is owned by the CEO. And in this case he fucked up especially if he championed this pricing structure.
OK, how about the shareholders that elect the Board of Directors? Should they be “removed” as well?
My point is the function of the Chief Executive Officer is specifically to be accountable and responsible for the business functions of the company. Yes, BOD has made a bad call selecting him as a CEO and the shareholders will have an opportunity to re-elect the BOD, but how the business is run (the “Chief Executive” part) is owned by the CEO. And in this case he fucked up especially if he championed this pricing structure.