"effective immediately" means either... he doesn't have a contract with a notice period, or he does and is willing to forfeit any benefit from it like share options, etc.
One reason might be the share price has collapsed and he has no confidence in it coming back (pretty scandalous if he's the CEO!), or Meta has offered him inducements > what he's walking away from.
Good way to burn a lot of bridges. He's never going to be hired as CEO by anybody for the rest of his career.
CEOs manage to fail upwards their entire career, I don't suspect this will be any different. Just some "nerds on a forum" who got annoyed with his personal decisions.
I am sure this poignantly describes some CEOs, but my guess is this is probably empirically false on average.
(I'd ask some LLM to research it but the people who would be doubtful it's false significantly overlap with the people who distrust LLMs, so I'll just leave this as a random guess and nothing more.)
Feels like survivorship bias to me. CEO's fail up, except those that fail down, and the latter group aren't CEO's anymore, so they're less likely to show up in a sample.
everfrustrated · · focus · HN ↗
One reason might be the share price has collapsed and he has no confidence in it coming back (pretty scandalous if he's the CEO!), or Meta has offered him inducements > what he's walking away from.
Good way to burn a lot of bridges. He's never going to be hired as CEO by anybody for the rest of his career.
0x1ch · · focus · HN ↗
meowface · · focus · HN ↗
(I'd ask some LLM to research it but the people who would be doubtful it's false significantly overlap with the people who distrust LLMs, so I'll just leave this as a random guess and nothing more.)
__MatrixMan__ · · focus · HN ↗
bradleyjg · · focus · HN ↗
Even if it’s only 30% of CEOs and 15% of other CxOs there’s still an anomaly there to be explained.