15+ CEOs who ran their companies into the ground: '75% of the employees had quit... because paychecks kept bouncing'

The effect that leadership has on a company doesn't go unnoticed by those most impacted by it: the employees themselves. 

Companies transform under different leadership. Hirings and firings might become more frequent. Bosses can implement free lunches or hybrid work schedules… or they can take away these thing that were previously given as rewards. If you've ever been in this type of situation, you know just how much power one exec can have. They can take a company that runs perfectly well, and gut it within a matter of months. 

A lot of times, when new CEOs get into position, they want to flex their newfound power over their employees. For whatever reason, they often fire the most critical people in the organization. They'll look at an employee who's been there for 2 decades, who holds critical company knowledge, and decide that they're making too much money. Goodbye! That employee leaves forever, taking that crucial knowledge along with them. And now, the bosses are left trying to replace that guy with a couple of interns who don't know anything about the industry, or with a highly-paid contractor who costs more than the original guy ever did. 

Author image for Remy Millisky Remy Millisky
Add us on Google
Advertisement

Stay up to date by following us on Facebook!

Tags

workplace-stories bosses work ceo
Scroll Down For The Next Article

Also From FAIL Blog

Retail employee recounts the unholy trinity of clueless, entitled customers via 3 different customer horror stories: ‘There's a saying: "Help me help you," and these people are not doing that’

Retail employee recounts the unholy trinity of clueless, entitled customers via 3 different customer horror stories: ‘There's a saying: "Help me help you," and these people are not doing that’

Trending Now

Employee arrives at their disciplinary work hearing with receipts that disprove the accusations against them, committee still gives them a written warning: ‘Politics trumped evidence’

Employee arrives at their disciplinary work hearing with receipts that disprove the accusations against them, committee still gives them a written warning: ‘Politics trumped evidence’

01
Job candidate blindsided when their new employer terminates them on their first day on the basis of their first day being a "trial period": 'I had accepted a full-time job at $22/hour'

Job candidate blindsided when their new employer terminates them on their first day on the basis of their first day being a "trial period": 'I had accepted a full-time job at $22/hour'

02
Employee fired just 5 days before Christmas after 8 years of service by their nepotistic boss, who inherited the company, watches the company go bankrupt: 'He's destroyed the company, starting with my firing'

Employee fired just 5 days before Christmas after 8 years of service by their nepotistic boss, who inherited the company, watches the company go bankrupt: 'He's destroyed the company, starting with my firing'

03
Job seeker finds out "networking" advice is useless after going to endless events full of empty promises: ‘This strategy doesn’t work, it’s just an opportunity for mid-career people to revel in having their egos stroked’

Job seeker finds out "networking" advice is useless after going to endless events full of empty promises: ‘This strategy doesn’t work, it’s just an opportunity for mid-career people to revel in having their egos stroked’

04
15 Employees who happily quit their jobs: 'I got a whole 15 cent per hour salary increase... [I] just walked out'

15 Employees who happily quit their jobs: 'I got a whole 15 cent per hour salary increase... [I] just walked out'

05
Dad gets even with entitled rich aunt after she refuses to accept the animatronic dogs he got her for Christmas: 'A dog is for life, not just for Christmas'

Dad gets even with entitled rich aunt after she refuses to accept the animatronic dogs he got her for Christmas: 'A dog is for life, not just for Christmas'

06
Advertisement