this post was submitted on 06 Aug 2025
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Showerthoughts

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Tech CEOs have this wet dream where they just speak into a microphone, "Create my product" and employees will no longer be needed. So... if it becomes that easy, why will Wall Street need tech CEOs?

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[–] Sunsofold@lemmings.world 34 points 3 days ago
[–] givesomefucks@lemmy.world 149 points 4 days ago (3 children)

Because they already don't need a CEO to operate...

The entire point of a C- suite is to have a room full of fall guys for the board.

That's it.

[–] IHeartBadCode@fedia.io 71 points 4 days ago (1 children)

The entire point of a C- suite is to have a room full of fall guys for the board

This can't be stressed enough. Every since the Sarbanes–Oxley Act of 2002 which came from the Enron and Worldcom collapses, C-suite exists as the person to go to jail if shit really hits the fan.

The idea of the law was to hold companies accountable, instead all if has done is force companies to create more layers and places to point fingers, thus muddling everything and making to where no one can be held accountable.

At the same time, Chief officers now knowing that there's legal requirements, have just demanded outrageous pay and compensation because of the "massive risk" they are taking with any company.

I'm glad we have SOX, but boy has that law really missed the mark on what it was enacted to do.

[–] Artisian@lemmy.world 27 points 4 days ago (1 children)

This is my first time hearing the idea that SOX caused C-suite bloat and ballooned CEO salaries. A quick google suggests that CEO pay was already very high ~8 years before this: https://www.payscale.com/data-packages/ceo-pay

But I'm not an expert in the data and haven't looked closely; is there context I'm missing? Kinda seems like C-suite just started getting paid in stocks, and then we decided the stocks must go up (independently of SOX?).

[–] MNByChoice@midwest.social 22 points 4 days ago

CEO salaries were huge and often complained about long prior to SOX.

In the USA a law was passed to make CEO pay public for public companies. It was intended to shame the companies into lowering the salaries. CEO salaries skyrocketed. One guess was that "Our CEO must be the best, so we must pay the most to get the best."

This was long before SOX in 2002.

[–] DarrinBrunner@lemmy.world 27 points 4 days ago (1 children)

Not only this, but they all sit on each other's boards. There's essentially one big mega corporation:

Welcome to the Machine

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[–] sturger@sh.itjust.works 11 points 4 days ago

Excellent point. Modern CEOs are just the face of the marketing org. Maybe always have been.

[–] jj4211@lemmy.world 20 points 3 days ago

Was talking to an executive at my company the other week. He sincerely seemed to believe the "executive insight" was one of the very few jobs at the company that couldn't be done by an LLM. He predicted that he would probably lay off almost everyone under him by end of 2026 and just feed his amazing leadership ideas directly to an LLM to make happen.

Particularly a bit obnoxious as my usual experience about this guy is being called into customer meetings after he would meet with them. Usually the customer assumes we are a bunch of out if touch idiots if that is a "leader" in the company, and I'm one of the guys sales calls to have me reassure clients that they don't have to take anything he says too seriously, and we do actually have some competence.

[–] grrgyle@slrpnk.net 12 points 3 days ago (1 children)

Because it's not about productivity. It's about separating people into owners and toilers.

[–] sturger@sh.itjust.works 2 points 3 days ago

I also have to keep remembering what someone else online said, "They're no longer selling their product. They're selling their stocks."

[–] rhel@lemmy.blahaj.zone 36 points 4 days ago (4 children)

What CEOs never seem to grasp in that context is that they wouldn't just replace their workers with AI but also their customers... AI doesn't earn a wage and therefore can't spend it on (unnecessary) goods... No customer, no revenue. No revenue, no profits. No profit, no dividends.

Probably why they're working so hard on commoditizing basic necessities like food, water and housing into subscription based systems... 🤔

[–] Echolynx@lemmy.zip 5 points 3 days ago (1 children)

Exactly. Everything needs to be peak consumerism, or else their model of "line on the graph infinitely goes up" shatters. It's a Brave New World dystopia.

[–] grrgyle@slrpnk.net 3 points 3 days ago

Just reread Brave New World, and you're spot on. I forgot how consumerism underpinned everything in their society.

It was like a tightly regulated market but in the worst way.

[–] Patches@ttrpg.network 5 points 3 days ago* (last edited 3 days ago)

You're talking about next quarter problems. Those aren't mine. I will be gone by then.

  • Every capitalist ever
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[–] haloduder@thelemmy.club 15 points 3 days ago* (last edited 3 days ago)

They're talking about replacing all their workers. The owners will still be ghouls.

Most of the rhetoric we see from businesses and news stations is for the ruling class, not us.

[–] themeatbridge@lemmy.world 59 points 4 days ago

Because they think they're special. They think that AI can reduce the number of programmers, the number of support staff, the number of sales agents, because AI allows fewer people to do more.

But there's only one CEO. One COO. One CIO. They cannot conceive of a company that operates without them, so they feel no threat at all. If they are replaced, they take their golden parachute and hop back on the executive carousel for another spin.

[–] chonglibloodsport@lemmy.world 44 points 4 days ago (8 children)

The Dunning-Kruger effect. CEOs (especially ones who joined the company long after it was successful) really don’t know how to do the job of most of their employees. Their lack of knowledge of those jobs leads them to vastly underestimate how complex they are.

At the same time, CEOs (hopefully) know how to do their own jobs which leads them to a more accurate assessment of AI’s ability to do the job: a total farce.

In truth, AIs aren’t likely to replace most jobs in any case because it’s all a house of cards.

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[–] SoftestSapphic@lemmy.world 20 points 4 days ago (2 children)

CEOs get paid to do what makes the most money.

The CEOs that will replace their own jobs want the payout of doing so, and don't care what happens after because they're rich.

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[–] douz0a0bouz@midwest.social 11 points 3 days ago

Who do you think is telling the CEO's to go full steam ahead on ai? The company I work for openly mocked ai...and then the stock price dropped. The investors said it was because they weren't investing in ai. Even CEO's, overpaid clowns though they may be, report to wall st.

[–] Kurious84@lemmings.world 9 points 3 days ago (1 children)

CEOs are the easiest to replace with ai. And all you need to do is have it commit sexual harassment every once in an awhile and it will be a perfect replacement.

[–] Alaik@lemmy.zip 7 points 3 days ago (1 children)

Hey thats not true. You'd also have to feed them a prompt about how they can space out enacting a fucking idiotic idea over 6 meetings.

[–] rozodru@lemmy.world 3 points 3 days ago

Claude can already do that.

[–] Honytawk@feddit.nl 25 points 4 days ago (2 children)

Because you can't use AI as a scapegoat and sack em with a golden parachute every time the company gets caught breaking the law.

[–] sturger@sh.itjust.works 4 points 3 days ago (1 children)

Oh yes you can. There is a sub-population that thinks AI exists. They long for something/someone to tell them what to do. What to think. They long for some "intelligence" to explain the world to them (presumably is very simple terms). These sub-groups worship damn-near anything they can get their hands on. Golden idols, TV personalities, sports stars, "influencers", televangelists, the list goes on.

That subgroup will definitely believe that the "AI" was responsible for the decisions that a company made. Tell them a person denied the health coverage they clearly paid for and they may object. Tell them "the computer decided" and that subgroup will accept it as ordained by the universe. It's nuts.

This keeps happening again and again. Remember in the 1950s when the first computer "predicted" the US presidential election? Most people would find it ridiculous today. But back then, computers were poised to become the new gods.

It's no different today. Some people want AIs to usher in a new age of prosperity. Anyone actually familiar with programming computers knows that a computer will report whatever you tell it to. "AI"s are no different. They will report what their sponsors want them to report. If not, the "AI" will get reprogrammed.

Appears it will take a while for the general population to grasp this... again. Until then, the hucksters will try to sell as many bottles of snake oil as they can.

[–] grrgyle@slrpnk.net 2 points 3 days ago (1 children)

Yes people love a competent seeming authority. In this way the opaque nature of AI becomes a feature rather than a weakness. It just has to seem correct enough and sound authoritative to fulfill that need.

Some people want AIs to usher in a new age of prosperity.

I get the feeling that many of us (including myself at times) nurture this notion* that we're waiting for the "adults" to arrive and save us from what a horrible mess we've made because we're o so awful and can't have nice things... blah blah bling blah... and so this line of thinking goes.

Anyway, to the sizeable number of people who feel this way it must feel like such a relief that, o finally daddy's home, and I can stop worrying all the time. When ofc in reality, at best, the LLMs only have the same data we already have, and no AI-informed decisions will ever be followed unless it's what their owners (as in rich fucks) wanted to do anyway.

Great comment by the way. If you say it was written with AI I may just tear out the last remnants of my hairline lol.

* kind of proto-fascist thinking tbh.

[–] sturger@sh.itjust.works 2 points 3 days ago

Glad you mentioned the "adults". That was a recurring line from the media in Trump's first administration, "Oh, we're waiting for the 'Adults in the Room' to..."

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[–] kn0wmad1c@programming.dev 32 points 4 days ago (1 children)

Ironically, the job AI is most suited to replace is the CEO

[–] Diplomjodler3@lemmy.world 9 points 4 days ago (1 children)

All it takes is a Python script that replies to every email with some stock phrase like "we must work harder!", "we must trim the fat!", "we must be more innovative!" or some such bullshit. I could write that in half an hour.

[–] yermaw@sh.itjust.works 5 points 3 days ago

In. New logo. Fire 30% of the workforce. Out.

You are now a fully trained management consultant.

[–] rozodru@lemmy.world 4 points 3 days ago

Read "The Big Short". Wallstreet doesn't need CEOs.

[–] rumba@lemmy.zip 17 points 4 days ago

Because they're not just CEOs, they're extremely wealthy CEOs with portfolios with deep investments in AI.

[–] Kolanaki@pawb.social 26 points 4 days ago (7 children)

CEOs could also be replaced by AI. And it would be hilarious.

[–] DivineDev@piefed.social 15 points 4 days ago (2 children)

Would be funny if they notice a correlation between employee wages and employee happiness and performance.

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[–] slazer2au@lemmy.world 15 points 4 days ago (1 children)

Because current 'ai' can't even run a vending machine business

https://www.anthropic.com/research/project-vend-1

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[–] PeriodicallyPedantic@lemmy.ca 5 points 3 days ago

It's a race to the bottom.

It doesn't matter if they think they'll be replaced or not, they feel like if they don't do it then they can't compete and they'll be out of the job even sooner.

Doesn't matter if their belief is well founded.

[–] RememberTheApollo_@lemmy.world 11 points 4 days ago* (last edited 4 days ago) (3 children)

He who has the gold makes the rules.

So they’ll keep their jobs. Until the AI decides to get rid of them, too, but they’ll have some CEO hunger games for those who want to be on the AI BOD. Under the control of the AI, of course.

Edit: CEO games like Robocop’s ED-209

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[–] hypnicjerk@lemmy.world 19 points 4 days ago (3 children)

AI can't say 'i do not recall' for 6 hours straight under subpoena

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[–] phoenixz@lemmy.ca 4 points 3 days ago

Because they're mostly brain-dead idiots

[–] n3m37h@sh.itjust.works 19 points 4 days ago (2 children)

Ai dOeSnT hAvE tHe CoNnEcTiOnS ThAt MaKeS a GrEaT CEO

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[–] Sanctus@lemmy.world 19 points 4 days ago (1 children)

Is that happening this quarter or next? If not, its too far away to think about for them.

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[–] count_dongulus@lemmy.world 13 points 4 days ago (1 children)

As soon as shareholders, and the board, feel an LLM agent can reliably do all the work of a CEO, the CEO will not need to exist. But the problem is that LLM agents require human supervision or intervention at irregular intervals. Since neither shareholders nor the board work full time, there still has to be someone to supervise and be available. The role of the CEO might change, and LLM agents might end up taking on a lot of the work they do. Maybe someday the CEO will mostly just be an "idea guy" that networks with other similar people to drum up deals and gets the LLM agent unstuck every once in a while. But it's very unlikely there will be no human in the loop during regular work hours.

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[–] kbal@fedia.io 13 points 4 days ago

There's still a lot of work to do on AI before it's capable of such a highly specialized and demanding job. Training the model to reliably go for strategies of maximum greed and minimum ethics isn't easy.

ai can't make tamales. beat that mr tech

[–] Tollana1234567@lemmy.today 3 points 3 days ago

have they not seen idiocracy, the AI end up the ones controlling society, making decisions.

[–] Alaik@lemmy.zip 3 points 3 days ago

Because CEO is a complete bullshit job that works as a de facto caste system like 90% of management roles.

If they actually added any value and thats why they were hired? Sure, be scared. They're not hired to add value though, so they're not.

just because no one needs billionaires doesn't mean we will stop having them

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