Altman, Musk, and the dangers of superstar CEOs
From Fortune:
After a failed attempt to remove Sam Altman as OpenAI CEO, two key lessons emerge. For boards everywhere, the message is to not fire the CEO unless they’re certain they’ll stay gone. For Altman, it’s clear that his position as CEO is irreplaceable. The tech sector often faces drama and scandal involving larger-than-life leaders, indicating a pattern of hubris. Despite the brilliance of superstar CEOs, unchecked power can lead to a loss of judgment, resulting in devastating consequences. However, successful CEOs like Jeff Bezos, Steve Jobs, and Warren Buffett deliberately share power, building businesses that are greater than themselves. The lesson for founders and CEOs is that being indispensable is a failure of leadership, and enduringly successful companies invest in helping others shine.
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