Thursday, April 22, 2010

Rent A CEO

Lately CEOs have become synonymous with over-compensation and insinuations of incompetence and worse. Reading this Silicon India article about renting CEOs for short durations made me pause for thought. This is the individual who is entrusted with the stewardship of the company and is responsible for its future and direction. How someone brought in for a six month stint can realistically deliver on all of that is hard to fathom.
If leadership at the top changes a couple of times each year, how does the rest of the organization possibly keep up ? Each individual will bring to bear their own management style and biases but by the time everyone else has settled into a good operating rhythm it becomes time to do things over - and in a different way. Even churn in middle management ranks can cause a havoc in the trenches. If indeed, a contract staff of CXOs are able to keep things humming along just fine and the organization on the whole does not miss a beat during transitions, it would bear testimony to their complete redundancy. The reason why this trend is catching on in explained thusly :
It is now becoming prevalent in India in senior and middle management level. At the top management level, it is not called temp staffing (or temping) but Interim Management. The money is fairly good and work is done on a milestone basis. It works for people who do not wish to be wedded to a company and are looking for flexibility," says E Balaji, CEO, Ma Foi Management Consultants.
Work one on a "milestone basis" indeed - how particularly convenient ! Sounds more like they want to make as much money as they can without responsibility or accountability and skip over to their next gig before shit hits the fan. This is scam artistry at its very best.

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