Irreplaceable

Tom Peters on the notion of an irreplaceable CEO:

If you sent all F500 CEOs and their #2s to St Elba, performance of their companies would not on average deteriorate. The “myth of the irreplaceable CEO” is just that—myth.

He also believes, old Navy guy that he is, that the pay cap for CEOs of government-assisted companies should be the rate of a four-star general or admiral, with seniority.

One thought on “Irreplaceable

  1. Art Schankler

    Thereby belying the commonly held view that “Able was I ere I saw Elba” even before getting to St. Helena.

    Reply

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