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Cake day: July 2nd, 2023

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  • Yes to all of this, but I think you’re giving them too much credit. There’s a more compelling reason that is causing this behavior cycle among executives. Like a school of fish, CEOs swim in the direction and speed they see other CEOs swimming without giving a second thought to why they’re following along. There’s safety staying with the group. They’re going in circles because all the other CEOs are doing the same thing and they fear being left behind, regardless of whether it truly makes any business sense. There’s no real thought behind it. “Big tech is doing this, and therefore so should we.”