If a single role is as expensive as thousands of workers, it is surely the prime candidate for robot-induced redundancy.
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Little D is automated. His salary is just a sham for the maintenance required to keep the model trained.
Oh jeez. Who programs the automaton CEO? Think things will get better?
Honeywell is just a cash cow for the CEO and upper management. The method is easy. Keep artificially inflating the stock price this year with a $10 Billion USD stock buyback program (source: https://www.streetinsider.com/Corporate+News/Honeywell+%28HON%29+approves+%2410+billion+buyback/17975569.html), acquire more companies that show growth, and dump aerospace. The only thing that the CEO and cronies care about is bilking the company for a cubic buttload of cash and then leaving when they've parasited enough to wipe it out.
I never understood why a four star general or admiral has a base pay just under $200,000 per year. And with housing and food allowances maybe it is a $300k job. And the four stars run an organizations that dwarf the size of Honeywell. So why do CEO need multi millions to their job?
The CEOs get a few millions in pay and bonus and then have like three or four other stock incentive plans that I can never understand. Why do they need that much incentive when as a Band 3 employee I get no bonus and very small to no raises?
I for one welcome our new robot CEO overlord.
One of those Magic 8-Ba--s you turn upside down to get answers would be about as effective and far cheaper.
Q: "Mr. Magic Ball, should we move operations to China?"
A: "Yes"
GE shareholders reject CEO Culp's $230 mln pay in rare rebuke
https://www.reuters.com/business/general-electric-shareholders-reject-ceo-larry-culps-pay-2021-05-04/
The CEO is a man adding and subtracting machine:
1)+ 1 penny to the Wall Street earnings estimate for the quarter
2) Subtract enough jobs to achieve +1 penny result
Exactly, have all the ALT start writing up their SIS (Standard Operating Sheets) describing their daily job functions and then start outsourcing to Bangalore. With the lower costs, they can put three heads on to each outsourced ALT member replaced.
Follow the HOS to the top.
A mannequin would be of more value, and more reliable.
At a minimum they should be outsourced to a low cost country.
Why don't we OUTSOURCE CEO!!
I understand there are a lot of experienced, highly educated CEO in India or China.
According to Payscale an India CEO make 3M rupees per year ($40K)
https://www.payscale.com/research/IN/Job=Chief_Executive_Officer_(CEO)/Salary
Siri CEO. Only expense would be WiFi connection
Brilliant Idea.
The Federal Government already has an 'almost' unbiased grading system that evaluates performance and assigns work to every person and it is simply observed by a group of humans.
It can be done. CEOs can be automated and this would save companies a huge amount of money.
Automate the CEO and assign a group of advisors to monitor (and provide training input) to the Robot-AI-CEO.
Pretty sure the three laws of robotics would prevent it from doing harm to employees and harm to itself by running successful companies into the ground, so a robot could never suceed as ceo.