The C-suite command their salaries not because of what they know, but because of who they know. So making economic predictions may not be their strength.

This is literally the opposite point of this:

If you don’t understand how economics 101 works, you probably didn’t deserve your high paying tech job,

Why not apply the same logic to tne C-suite folks rather than just individual contributors or the regular rank and file. Why are tech workers who exchange their labor and knowledge of working with technology dummies if they "don't understand the fed" (which I can guarantee you is not an expectation when working as a software engineer, product manager, etc.), but the C-suite gets a pass? Arguably the execs should understand how to navigate different economic climates if they get a leadership role, regardless of who they know. Also on an anecdotal note, every job I've ever gotten I've had to know someone, whether it be someone who works there or a recruiter, and I'm a worker in tech. So that argument doesn't hold up from my point of view.

Maybe you are an executive, or someone who has an acquired a taste for their carpet-protected rubber soles, and it's just a difference in opinion. But it seems to me by your own logic the executives are even dumber than the workers, there's really no reason for the original commenter to be so hostile. The whole point of the article is that it satirizes the decisions tech CEO's make because they are completely driven by the shareholder, but they are also major shareholders whose compensation is in equity.

Many stockholders don't understand macroeconomics

Including the C-Suite, they are forced to act out of their own self-preservation, which after a certain point, is just pure greed.

user:	automatom
created:	November 9, 2022
karma:	22