That only took someone competent to take the helm. The level of waste on Ned's watch must have been horrific.
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That only took someone competent to take the helm. The level of waste on Ned's watch must have been horrific.
What? @ned is the one who hired @elipowell and she is too afraid to announce she is the NEW CEO when this new article states it clearly
https://techcrunch.com/2019/01/23/steamit-reddit-new-boss-rebuild-elizabeth-powell/
SO @ned is the FORMER CEO? WHy wasnt any of this ever announced on chain ? SO weird...
Im praying the reason ned is so overconfident and absent is because he has way mroe BTC than steem.... im hoping he is waiting for steem to drop LOWER than it is now its LOWEST EVER price in Bitcoin.... because he knows he can buy it up cheap and pump steem at any time....
I don't know what exactly "executive chairman" means. But I'm guessing Ned is still Chairman of the Board at Steemit Inc because he's still presumably a major shareholder if not the largest one. Eli Powell answers to the board. It was a good move of Ned to step down and hire Powell to manage the company. Ned is a visionary but less effective as a manager. CEO stands for Chief Executive Officer. Managing Director means practically the same.
Ned doesn't need to be at the forefront at this time. It's better that way. He probably still has regular and frequent meetings with the staff in addition to board meetings. Powell is a fresh new face and has been able to turn the company around. She's been a good hire from what I can tell from the published information.
HAHAHA dude now theres a BOARD? I was talking about how Ned should step down and just be on a "board" for a while but I didnt think it woudl actually happpen, but tell me who else is on this brand new BOARD of directors at steemit inc? No seriously show me everything you know :D You seriously think they have board meetings? I would be impressed if there was now a board of directors for steemit inc.... why cant ned make a simple announcement about having stepped down as CEO? so many peopel still think he is ceo.... does it really matter?
what matters is who owns the keys to the steemit inc accounts @steem @steemit and etc, and I am pretty sure that is still ned why would he give up control of his keys to other people? So in the end its just ned, ned owns a bunch of steem.... unless elipowell owns some steem no one will respect her...
Of course, there is a board. Steemit Inc is a corporation. Boards are a standard part of corporate governance. In below the post by @steemitblog, it is mentioned that the Steemit, Inc Board as nominated Ned Scott as Executive Chairman and Elizabeth Powell as Managing Director. At the very least, boards exist so that certain formal decisions can be made. And yes, I seriously think they have formal board meetings, at least when key hiring decisions are made.
See:
https://steemit.com/steemit/@steemitblog/steemit-inc-leadership-changes
P.S.
By the way, Executive Chairman is not the same position as that of CEO. A CEO runs the day-to-day operations of the company while an Executive Chairman often acts as the Chairman of the Board and also in an advisory and supervisory capacity in co-operation with the CEO.
He couldn't treat any company-owned accounts like his personal property without facing the possibility of criminal charges.
WHAT? I dont think you understand how any of this works or how ownership works lol
Also do we even know if steemit inc owns the steem or does ned? its ned , he usesd it whanever he wants to, like to flag @dan 's post "for aggrandizement" yeah he used the official @steem or @steemit account to do it and give a $2K flag are you saying that was a personal use of company funds? :D
come on man your just trying to use big words and sound important and also this is teh first anyoen has ever heard of a steemit board in public by the way... all of it is just ned and his friends making up titles... none of it matters when steem price is this low...
we STILL have no idea the official title of ned or eli.... between me you and that article theres multipel answers as to whats going on and thats a result of a lack of leadership, because THEy are suppose dto TELL US what THEy are :D They are leaving us to make wild guesses about whats even going on
Here maybe THIS will solve All of steem's problems, you can get some goodboy points for defending steemit inc
Let's not give Ned too hard of a time. If it was easy to be a CEO, everyone would be doing it. Sometimes when you're in the middle of things, what seems obvious in hindsight or from the outside is difficult to see. Let's just be glad we've got someone here now who does see, and hope she can keep it going.
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Steemit Inc must have sold STEEM for such massive sums of fiat that any technical problems should've been overcome in a timely manner by simply hiring enough good people. The market cap of STEEM was billions of dollars a year and a half ago. I suspect Steemit Inc may have sold close to a hundred million dollars worth of STEEM during its existence. What kind of a software engineer can you hire for a million bucks a year? What about marketing professionals to counter all the FUD? When the bear market hit and the price collapsed, that was the day of reckoning.