Why CEOs are changing directions faster than ever
pushed back on the idea that Meta is retreating from the metaverse."We've been focusing on both AI and the metaverse" and"will continue to focus on both."
"Not moving, not shifting, not re-looking at decisions is going to hurt you," Munoz said."You can't be afraid to make the changes that you want to. Just make them in a very calculated, organized, convicted way so that you don't confuse the hell out of your organization."The rapidly changing business environment makes one thing clear: For CEOs, the day-to-day marathon of running a company feels much more like a sprint.
Munoz said that when he was the CEO of United from 2015 to 2020, he felt like his head was"always on a swivel," and that experience has likely been exacerbated for leaders today. "The world's become more fluid," he said."It's harsher. It's faster. It's more brutal, and it has infinitely more consequences."average compensation in 2021 for CEOs of the top US companies was 399 times"Yes, things are moving faster," Munoz said."Yes, the consequences are higher, but you still have to run your business."
Of course, shifting business strategies from time to time is nothing new. Companies try things and they don't always work or priorities change. Bill Pugliano/Getty Images
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