I misread the title as "CEOs are ruining companies from afar...", and found myself agreeing.
I sense that, CEOs are often ignorant of day-to-day (and even month-to-month) realities of what's going on in their own company (probably unavoidable at large corps).
Basically, they have an "astronaut's eye view", so their decisions/strategy are essentially just them operating while untethered to Reality, just going off of intuition. Sometimes, that guides them well, and they do a good job of "running things". Other times, they're just "ruining things"
When they do the former, the public valorizes them, and when they fail... well, they get to try again ¯\_(ツ)_/¯
I sense that, CEOs are often ignorant of day-to-day (and even month-to-month) realities of what's going on in their own company (probably unavoidable at large corps).
Basically, they have an "astronaut's eye view", so their decisions/strategy are essentially just them operating while untethered to Reality, just going off of intuition. Sometimes, that guides them well, and they do a good job of "running things". Other times, they're just "ruining things"
When they do the former, the public valorizes them, and when they fail... well, they get to try again ¯\_(ツ)_/¯