Imprisoned Megaupload founder loses ‘Call of Duty’ crown
- Thread starter ly2 from WF
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I'd think his COD tittle is the least of his concern right now.
Feds on his balls and all.
A lot of big companies have famous CEO's just for PR (attract investors etc) that don't really own the company.
i.e: Steve Jobs was fired as CEO from his own company.
Feds on his balls and all.
A lot of big companies have famous CEO's just for PR (attract investors etc) that don't really own the company.
i.e: Steve Jobs was fired as CEO from his own company.
You have literally no idea of what a CEO is do you?
I'd like to think I do. Which part of my interpretation do you disagree with?
Lots of people on this forum could make 9 figures doing something totally illegal.
Being the CEO has absolutely nothing to do with ownership in a company. The CEO runs the day to day operations of a company and may or may not have an ownership stake in a company. The reason a CEO can be fired from a company isn't evidence of a publicity stunt. it's just evidence that the board of directors felt the need to go in a separate direction and fired his ass.
Steve jobs was fired from Apple because the Board of Directors wanted him out. He didn't own the company anymore at that point, although in his case I'm sure he still owned a nice chunk (5-10% maybe).
You seem to think the CEO is the owner, and that is almost never the case (unless you're dealing with a really small company). And no large company is going to hire a CEO for shits and giggles either.
I don't think CEO is the owner, although that may be the case. I was actually arguing otherwise. A lot of companies that wanna go public appoint CEO's with specific credentials to boost stock prices eventhough the CEO has no background in that specific industry. (i.e: The movie 'Tucker')
I said "a lot of companies have CEO's for PR that don't actually own the company". Maybe you misconstrued that?
I mentioned Steve got fired to demonstrate that being the owner of a company doesn't mean you get to be CEO.
In the case of MegaUpload, I know for a fact Swiss beatz don't own Megaupload LTD or involved in the day to day operation so it must've been for a PR purpose (i.e: to gain support from musicians). Have you seen the video Swiss beatz made with all the artists signed under Swiss beatz?
They're also launching a musician/artists-reward site that pays musican 90% of whatever they made so this further establish my assertion.
Yes, because that sentence implies that normally the CEO is the owner.
As far as companies hiring CEO's for publicity - give me some examples. If a company is about to go public, the last thing they want to do is hire a CEO that's just a figurehead.
Sure, but let me know when it happens. It's easy to speculate with a few million in the bank. 100milli is 'take big risk and figure you can settle it out in court' type money. Don't think any of us had expected to see racketeering charges on this..
It's not a rare thing that a CEO owns a share of a company he's directing. I was saying that it's not necessarily always true.
As for hiring CEO's for publicity, megaupload is one example. A figurehead that's famous with some credentials in the music industry will appeal to investors/pensioners if Kim launched his musician-reward site before they go public, as opposed to a CEO who's been convicted of credit card fraud.
I can give you more examples but they will be companies from third world countries, it happens all the time, Prime Minister's cousin appointed as CEO = stocks go up 30%/day. The stock market is highly speculative in poorer countries.
Clyde and Yuckystuff, you both are right.
Yucky, you're not going to find very many "PR CEO's" in the Fortune 500, although you may find a few if you look carefully enough. Most CEO's are exceptionally good at management and execution.
However, CEO is just a title. You can appoint anyone as CEO and it doesn't necessarily mean they are running the show. It looks like Megaupload was trying to do this and i'm sure many other companies have successfully done this. Heck, if I was opening some sort of Home Furnishing company, i'd get Martha Stewart to be the "CEO" and just run the day-to-day as President. It'd be great PR.
Remember guys, most things in life aren't Black and White, there's a lot of shades of grey.
Oh and Clyde, FYI, Steve Jobs wasn't fired as CEO. He was fired by the CEO, John Scully.
Yucky, you're not going to find very many "PR CEO's" in the Fortune 500, although you may find a few if you look carefully enough. Most CEO's are exceptionally good at management and execution.
However, CEO is just a title. You can appoint anyone as CEO and it doesn't necessarily mean they are running the show. It looks like Megaupload was trying to do this and i'm sure many other companies have successfully done this. Heck, if I was opening some sort of Home Furnishing company, i'd get Martha Stewart to be the "CEO" and just run the day-to-day as President. It'd be great PR.
Remember guys, most things in life aren't Black and White, there's a lot of shades of grey.
Oh and Clyde, FYI, Steve Jobs wasn't fired as CEO. He was fired by the CEO, John Scully.
I'd keep arguing with you but you keep backing further away from your original post.
There's nothing to argue about really, just a misunderstanding.
We don't really disagree on anything (from my original post).
