> What does a CEO(and other managers) do really?
Be friends with the board. Negotiate high pay and benefits (for themselves), and a golden parachute in case things go south (which they do most often). Take credit for things that were going to happen anyways. Blame xyz for things that didn't work out.
These are all impossible tasks for AI. AI can't play golf.
Chinese humanoid robots are 3 years out from playing a decent round on a par 3 course.
See, the issue is CEOs capture a fair amount of value but ultimately it is the owners and the main shareholders who hire them for that value to insulate themselves from day to day running of the company. The maximum value of the company is accruing to the shareholders in a public company anyways. While the morality of the right nos compared to median 'worker' can always be debated, I still find CEO earns 500x that of median worker type comparisons a little bit disingenuous and it totally insulates the owner class.
It’s going to be funny when the Tesla robots start showing up at tee times because the CEO couldn’t make it. Like a meeting agent taking notes for people who didn’t attend