What consequences does a boss draw when he publicly admits that he bears full responsibility for a serious undesirable development?
The question is so timely because Mark Zuckerberg made that exact commitment.
His company, Meta, has lost 70 percent of its enterprise value in a year and is now firing 11,000 people, or 13 percent of the global workforce.
Isn't it actually self-explanatory that he is responsible for development because it goes back to the decisions he made as boss, founder and major shareholder?
The final consequence of the serious miscalculations, the resignation from the leadership office, is not drawn by Zuckerberg.
Loudly, no one is calling for resignation either, but investors are seeing with growing concern that Facebook's public reputation is shrinking even faster than advertising revenue, while there is still no flowerpot to be won in Zuckerberg's million-eating brainchild Metaverse at the moment.
The consolation is that Meta's lousy development hasn't left Zuckerberg's fortune untouched.
He lost billions.
At least the commercial incentive structure is consistent.
Zuckerberg will want to make Meta a success.