The CEOs will get a short term boost to profits and stock price. Theyll get a massive bonus from it. Then in a few years when shit starts blowing up, they will retire before that happens with a nice compensation package, leaving the company, employeez, and stockholders up shits creek from his short sighted plan.
But the CEO will be just fine on his yacht, dont worry.
I hope all those companies go bankrupt, people hiring those CEOs lose everything, and the CEOs never manage to find another job in their lives…
But that’s a not bad second option.
The CEOs will get a short term boost to profits and stock price. Theyll get a massive bonus from it. Then in a few years when shit starts blowing up, they will retire before that happens with a nice compensation package, leaving the company, employeez, and stockholders up shits creek from his short sighted plan.
But the CEO will be just fine on his yacht, dont worry.
C-Suite execs are probably the one thing LLMs could actually replace and save the company more money than layoffs, but it’ll never happen.
Companies aren’t democracies. They are monarchies with the illusion of democracy via shareholders.