Thread regarding CareFirst BlueCross BlueShield layoffs

When CEOs Sc--w Up, Employees Pay the Price

A pertinent quote from an article in Business Insider
“ If CEOs are expected — and paid — to be some visionary demigod at the top of an organization, they should be expected to bear that weight and pay a commiserate price when they mess up. At some point, the chief executive has to be held as accountable as the people they employ. There is no reason that the best-treated and highest-paid member of an organization should experience less scrutiny, unless the company does not truly care about operating efficiently.”

As others have asked, where is the scrutiny of BP. Does the Board dig in to find out if CF is heading in the right direction? Just start with DC Medicaid and IT infrastructure and go from there.

Full article here: https://www.businessinsider.com/fire-blame-ceo-tech-employee-layoffs-google-facebook-salesforce-amazon-2023-2

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| 2881 views | | 3 replies (last March 19, 2023) | Reply
Post ID: @OP+1l32ioZe

3 replies (most recent on top)

Hurricane Brian with tropical storms Angela, Jenny and Renita. #SeekShelter

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Post ID: @Fhot+1l32ioZe

The CF board is a joke. Ok ve sat in and presented to them. Maybe one or two ask tough questions, but just look at the size of the board. They are largely useless and ask questions they already know the answer to to seem wise or act as if they are making some great contribution. They are not. As others poster stated, they collect a little $ and hold a role of high esteem but that’s all. Don’t expect much from them to hold anyone accountable.

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Post ID: @9lrr+1l32ioZe

The board is, at best, apathetic. This is a nice little pay stipend for them to enhance their daily lives and they will never hold Brian or any other CEO's feet to the fire.

I'm looking to get out. Never thought I would say that and I would love to think Brian will disappear before I find something, but it's not looking promising. He's got a whole lot of destruction left in him.

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Post ID: @1vgt+1l32ioZe

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