Good managers are very rare.
So we're told. Yet, the distribution of good and bad managers is almost exactly the same as good and bad line workers.
most of them are worth the money because they can generate share holder wealth.
Share value increases most when jobs are cut. Any idiot can cut salaries and jobs to get a quarterly bump in share price. The success of US corporations has more to do with corporate consolidation increasing pricing power than it does brilliant management.
We have a system where management success means the failure of everyone else who works for the company. Instead of an economy that is based on widespread prosperity, we have one based on prosperity for a very small group who succeed in a system whose rules they set, and misery for everyone else.
We actually have some historical experience with these situations, and it never, ever ends well for elite.