Imo CEOs have their jobs because they know rich people, that's it, which is why CEO of makebelieveMapCompany can effectively get forced out and wind up as CEO of makebelieveDogFoodCompany a month later. They don't need skill as much as they need access to capital. And imagine that. Access to capital being the most important thing in capitalism?! It offends the global meritocracy mythos we've all been raised on. And meritocracy is just another shade of the Great Neo-liberal Trickle-Down Grift, or how to privatize the rubes retirements and then steal it back, legally, undoing the gains of the Enlightenment.

In general, CEOs are hired to be the fallguy for shareholders. Usually by being the ringleaders of the hatchetmen. They are the Ticketmaster, there to absorb all the bullshit while the financiers fleece the rest of us, now guilt™ free! Same logic applies to rental agencies landlords use. It's worth rememberimg that these "financiers" make up about 5 families who have their hands in and own like 95% of everything. That's slightly hyperbolic, but only so slightly that i don't even care to Google for the actual numbers, the same point will be made the exact same way

This is all hostile takeover/wall street merc shit. Efficiency experts and other nüage workplace mumbojumbo.

We're only talking about publically traded companies here. Private companies are whatever. But public firms, with corporate personhood, generally don't have visionary founders at the head. They have resource extraction at the heart of it, be that capital resources or human resources - extracting all value they possibly can, thru every lie imaginable (because morality is how HUMANS interact with other HUMANS), to make sure that the 0.01% never have to work a day in their lives

CEOs are the highest evolutionarily expression of the infamous 'bootlicker' job class.