The first thing a new CEO does when he gets hired is to fire all the low performers, change the product line and renegotiate all the supplier and labor contracts. That’s why he gets hired in the first place. One or more previous CEOs didn’t make the hard decisions, and just used the job to build their personal wealth on the backs of everyone else. 45 is “the turn-around CEO.” He’s the guy that brings the company back from the brink of bankruptcy.
The first thing a new CEO does when he gets hired is to fire all the low performers, change the product line and renegotiate all the supplier and labor contracts. That’s why he gets hired in the first place. One or more previous CEOs didn’t make the hard decisions, and just used the job to build their personal wealth on the backs of everyone else. 45 is “the turn-around CEO.” He’s the guy that brings the company back from the brink of bankruptcy.