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New Microsoft CEO Vows To Shake Up Corporate Culture
jfruh (300774) writes New Microsoft CEO Satya Nadella said that he and his leadership team are taking "important steps to visibly change our culture" and that "nothing is off the table" on that score. While much of his declaration consists of vague and positive-sounding phrases ("increase the fluidity of information and ideas by taking actions to flatten the organization and develop leaner business processes"), he outlined his main goals for the shift: reduce time it takes to get things done by having fewer people involved in each decision; quantify outcomes for products and use that data to predict future trends; and increasing investment for employee training and development.
reduce time it takes to get things done by having fewer people involved in each decision = layoffs
quantify outcomes for products and use that data to predict future trends = every ms product will have facebook-like privacy-infringing malware
increasing investment for employee training and development = get more h1b visas to replace us workers with foreign code monkeys
We are also under the delusion that the CEO's actions really matter. If you took the CEOs with the best track records and brought them in to run the businesses with the worst performance, how often would those companies become more profitable?.....the answer is roughly 60%. That isn't much better than the flip of a coin.
And I"m to find another stat that said that a CEO contributes about 5% to a company's bottom line.
There have been CEOs - Lou Gerstner's turn around of IBM in the early 90s comes to mind - that may have been worth it.
But all in all, they are over paid for what they do. Yahoo!'s new CEO, for example, is just throwing spaghetti at the wall and seeing what sticks. Marissa was the great blond hope for Yahoo! but she is turning out to be mediocre - like most CEOs. But, regardless of what happens, she'll get her $60 million - remember that when you bust your ass to meet a deadline and during your review you are told you could have done more and therefore you are rated as only "meeting objectives" and you just get a cost of living raise (1.5% If you didn't bust your ass working 60 hours a week for months, you would have gotten a "below standards" rating, no raise and if lucky you keep your job until they offshore your entire department.).
Yep, we live in a meritocracy all right.