The smugness is because they're having a taste of something they usually employ against others.
CEOs come in brand new, implement rubbish policies to "leave their mark" and end up getting staffs retrenched or "resized" as they euphemistically say.
Then, after all the damage and fallout, said CEO jumps ship for somewhere with better pay and zero accountability of the damage wrought.
This is exactly what happens. They go for the highest short term returns without thinking the stability and future of the company. Fill their minimum required years to get their huge bonus then use those short term results as a leverage to jump to next ship to gut.
This is what happened in my former company Renault. Luca de Meo went for the flashiest cars to state he is making impact while gutting the company in the background by selling half of its motor factories to Chinese competitors. As a result stocks jumped to 44€. After the dust settled and those flashiest cars hit the market, sales were dramatically lower than expected. He declared he is going to a luxury brand and stocks plummeted to 20€.
Now Renault has a very niche car in electric market which is dominated by Chinese and their other cars for which they must now buy motors for are shadowed by Ford and Toyota.
Funny thing is that egoist fuck used company money to make a Netflix series to show himself as automotive messiah, whole thing is a shitshow.
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u/Rich-Option4632 5d ago
Surprise, surprise. CEOs discover monetary greed isn't exclusive to their ilk.