Hiring someone is hard work and firing him is also hard work.
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Middle management does most of the hiring and firing. The folks in senior management are (or should be) visionaries who steer the ship towards various strategic objectives and keep it on course. They may be involved in some higher level hiring and firing decisions, but generally not.
To you point about firing, nowadays its a risky thing to do that is fraught with legal, personal and other ramifications. And yes, people who hire and fire are making vital resource decisions for the company and should be well compensated for this important activity. Not everyone can do it.
--and that's a good thing because people being different and wanting/being able to do different things is what makes the world go around. We were talking about stockholders being corp owners and Mr. Frog was saying the degree firing bad CEO was difficult meant shareholder control was lacking.
My thinking is that owning stock is difficult and so is being a shareholder --but that's how shareholders do the difficult job of owning the corp.
“To you point about firing, nowadays its a risky thing to do that is fraught with legal, personal and other ramifications”.
Ummm, no. Not nearly. Not unless you sack someone for whistleblowing or for EXTREMELY shady reasons. Right now there is such a dire shortage of jobs that workers are as disposable as a Kleenex. Heck, First Data in my homecity is notorious for mass layoffs of the lower ranks right before financial reports are calculated to look good on paper and then hiring most of them back later.
You pretty much have to sign away every right you might ever have to even get in the door of a business for any position past janitor, including any right to sue in favor of ‘arbitration’ or ‘mediation’ which is such a total joke it might as well not exist.