A bad CEO can really do major damage to a business. The shame of it is that he'll still get his many millions in compensation and stock options, while the little guys suffer.
Unfortunately, the Film business, has a history of poor leadership. One reason there's been so many mergers over the years. The worst crime though is when CEO's, most notably Republic, left films to rot and disappear because they didn't want to pay the fairly insignificant storage fees, and the Movie/TV Execs who erased film shows/movies/product and reused film just to save a very insignificant amount of money. Same thing is kind of playing out with the Streaming companies that cause movies/shows to disappear into the cloud with no trace, instead of keeping them in a catalogue state.I'd argue he might be...the worst CEO to truly hit Hollywood? Is there a CEO that has done worse than Zaslav?
The amount of damage he has done in such a short time; should put him in the history books of what -not- to do as a CEO. And that people could even go in and attribute it to stuff like what he did to Discovery *before* going after WB.
Just leave blanks & we'll play a few rounds of Hangman to fill in the letters!I'd say so much more but I can't cuss on this forum.
It's crazy how just about the entire media company landscape, is filled with CEO's that don't understand the business they're in, and continue to make really horrendous decisions that are financially irresponsible.Zaslav is a buffoon, sure, but I'd argue Kilar and Stephenson at AT&T were worse, and even before that Bewkes's management was rife with unforced errors like that bakeoff thing or dismissing streaming as a fad. Just a decade of poor management leading up to a studio that's like Seth Brundle at the end of the Fly, begging to be killed.
Every year, Comcast's management of NBCU looks more and more like a miracle.
EDIT: This is such a bleak time for media lol. The companies have raced off the cliff and are now facing the rapidly approaching ground without a plan. What a disgrace. I'd say so much more but I can't cuss on this forum.