Harvard paper I just read (Not accusing this board of anything) I googled this.
reasons why a CEO might intentionally want to sabotage or "stuff up" their own company:
- Personal Gain: The CEO may be seeking personal financial benefits or gains from a failing company, such as through insider trading or severance packages.
- Short-selling: The CEO may hold significant short positions in the company's stock, enabling them to profit from a decline in its value.
- Reputation management: The CEO may deliberately undermine the company's success to deflect blame or responsibility for any wrongdoing or poor performance.
- Hidden Agenda: The CEO may have alternative goals or agendas that conflict with the company's best interests, such as promoting a competing company or pursuing personal interests at the expense of the organisation.
- Strategic Reset: The CEO may intentionally disrupt the company's operations to initiate a radical transformation or restructuring, accelerating necessary change that may have otherwise faced resistance.
- Exit Strategy: The CEO may want to exit the company and intentionally create a situation where they can blame external factors for the failure, allowing them to leave without facing significant backlash or consequences.
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