People in hierarchies tend to rise to their level of incompetence. Skills in one job don't necessarily translate to another. Principle was first published in 1969 by Peter and Raymond Hull
Born in 1944 to Jewish mother and Italian-American father. Adopted by aunt and uncle after contracting pneumonia at nine months. Graduated from University of Illinois with science student of the year award
Median weekly wage is £706 gross, equivalent to £36,700 annually. Annual wage growth is 5.2% over October 2024. Top CEOs earn £4.19 million, 116 times average UK worker pay
CEO is the highest-ranking executive in a company. CEOs are elected by board and shareholders. CEOs report to chair and board appointed by shareholders
COO oversees daily operations and aligns strategy with CEO's vision. May manage other senior leaders like CFO, CMO, or CTO. Acts as CEO's right hand, balancing internal and external operations
Board members are appointed by shareholders to represent their interests and supervise management. There are two types: internal (company operations) and external (external audience) members. Public companies are legally obligatory to have salaried board members