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Tech Boss Attacks 'Whiners' in Angry Email (bbc.com)
An anonymous reader shares a report: The co-founder of a Silicon Valley investment firm said it is "not my job to make you all feel good" in a long email to staff and investors. Jonathan Teo from Binary Capital was responding to negative press coverage about the firm following allegations of sexual harassment by his co-founder Justin Caldbeck. He added that he was "tired and indignant," and raged against "whiners" who demanded his attention. Mr Teo has already offered to resign. He did so after Mr Caldbeck left the firm in June. "I'm incredibly sorry," Mr Caldbeck tweeted when the news broke last month. Mr Caldbeck's actions were one of several sexism scandals to rock Silicon Valley in recent months. They include a damning report into the work culture inside ride-hailing firm Uber, and the resignation of venture capitalist Dave McClure, who admitted "inexcusable behaviour" towards "multiple women."
First of all, no it's not.
The job of a CEO is to increase shareholder earnings
No, it's not. There may not be any shareholders, or the shareholders may be the employees, but even assuming it's a publicly traded company with a capitalist charter, it's not. Selling all assets and allotting all proceeds as dividends would immensely increase the shareholder earnings. Investing anything in research will always reduce shareholder earnings with no guarantee of later increased earnings.
The CEOs job is to execute on the visions of the owners or board of directors. That might mean spending money to increase the chance of long term survival at the cost of short and medium term profits.
Or it might mean building a hugely expensive new head offices, because that's the vision of the board.