>*Whoever is responsible for that should be ashamed.* Isn't it the CEO?

broknbottle · on Dec 16, 2020

more than likely a single "Rogue" engineer

Ygg2 · on Dec 17, 2020

You mean scapegoat?

onion2k · on Dec 17, 2020

The engineer is responsible for it. The CEO is accountable for it.

dfee · on Dec 17, 2020

This was sarcastic, right?

devmunchies · on Dec 17, 2020

"air quotes"

https://en.wikipedia.org/wiki/Air_quotes

withinboredom · on Dec 17, 2020

Someone’s gotta be the scapegoat...

arthurcolle · on Dec 17, 2020

Obviously yes, probably on the back of stuff like Jerome Kerviel, and Tom Hayes, where one "rogue X" is capable of taking down Y.

momokoko · on Dec 17, 2020

No. It’s the board of directors. The board of directors is by proxy of the shareholders, is the actual owner in a practical sense of a corporation.

The CEO can, in most cases, be removed at any time by the board and be replaced by someone else. Without the boards approval none of this can happen.

So if you need to blame someone. It’s the board of directors.

arthurcolle · on Dec 17, 2020

Completely wrong, doesn't even make sense. You can easily have BoD individuals with tiny minority stakes in corporations. Sorry to be abrupt, but I really just don't advise making huge sweeping statements on things if your take is just blatantly wrong and misleading.

Talanes · on Dec 17, 2020

The personal stake of BoD individuals is completely irrelevant, and your focus on that suggests you don't understand what "by proxy" means.

momokoko · on Dec 17, 2020

Who votes to hire or fire the CEO?

stingrae · on Dec 17, 2020

Larry and Sergey

arthurcolle · on Dec 17, 2020

the BoD, next question?

momokoko · on Dec 17, 2020

So then how is this the CEO when the board actually controls who the CEO is? The CEO is employed by the grace of the board. The performance and decision making of CEO is implicitly approved or disapproved by the board of directors decision on a rolling basis to maintain or terminate the employment of the CEO. The same CEO that meets with the board on a regular basis to answer questions and provide updates .