posted in Technology
New Parody Site Threatens to Replace CEOs With AI for Tiny Fraction of Their Bloated Salaries
www.yahoo.com/news/politics/articles/parody-threatens-replace-ceos-ai-110200973.html
Yahoo NewsNew Parody Site Threatens to Replace CEOs With AI for Tiny Fraction of Their Bloated Salaries"Introducing the world's first Chief Executive Replacement Engine."
I don’t know why this needs to be a joke. Assuming the rest of the company is minimally competent and the middle managers can write clear executive documents an LLM will probably beat the average CEO just by virtue of not having moods. The only downside is that LLMs can’t do in person “social networking” yet.
Replying to @ViatorOmnium@piefed.social
All true. To your question, however: until software can be named as a legal fiduciary, CEOs can only be functionally replaced. That is, a real person who can be summoned by a court has to take responsibility for whatever shit the LLM gets the company into.
E: way more replies than I’m used to, most re: same issue, so I’m clarifying here.
Preface: totally not my area, IANAL.
To clarify, I specifically meant CEOs can be named in a lawsuit by the shareholders for failure in fiduciary capacity. I didn’t mean a summons to answer for the sins of the corporation. TLDR: math models can’t be sued.
(But if I’m wrong I’m wrong.)
Well, not quite. The corporation is a distinct legal entity, and is served a summons per se. For practical purposes of actually delivering the papers to a person, the corporation must have a designated representative. This may be anybody, and there are businesses that specialize in serving as the designated representative for perhaps hundreds of corporations. (Especially those that exist only as legal entities.) I know of one nearby me that’s basically just a mailbox, even though it’s listed as the address for many, many corporations.
The whole purpose of a corporate entity, as a legal concept, is to shield the directors, and officers, from personal liability. Unless personally named in a suit, a CEO almost never shows up in court. That’s a job for an attorney.