Comment by usrusr
Other CEOs are not owner-CEOs. They may be founder-CEOs, but at the end of the day those aren't really more powerful than a CEO hired off the street by owners. For publicly traded companies, even a majority stake only makes them powerful on paper, because the 49% selling would shatter their paper net worth.
The other difference (and I think a more important one) is that they take a longer term view of the business, rather than next year's bonus and options vesting. A hired CEO will probably not still be there in a few years time.
> or publicly traded companies, even a majority stake only makes them powerful on paper, because the 49% selling would shatter their paper net worth.
That threat is limited because the other shareholders do not want to reduce the value of their investment either. Look at what a firm of Musk has on Tesla with something like a 15% stake.