Nevermind that their entire success is dependent upon everyone from the mailroom employees to the sales staff... I don't quite understand how people at the top lose sight of this all the time. If, tomorrow, every one of their employees quit, the CEO would be SOL...
People are the foundation everybody's business. You may be the head, but that only means you are standing on the shoulders of everyone else.
1st day at Finance 101 in college. What is the job of a company?
a. make money
b. make great products
c. Raise the share price.
This was on the final exam too and no I am not exgerating as the most important lesson of finance. The answer is
Nothing else. CEO's are accountants whose job is to raise the share price at any cost by doing liquidity, raiding assets, and taking on unneccesary debts to get hte perfect debt/assets ratio and liquidity ratio to meet Wall Street expectations.
They get a big bonus by hoarding and using innovative thoughts on doing strange things to make Excel look good.
That is what CEO's today do. They do not guide the company and this all started during the Reagan years with Jack Welsh at GE. He regretted saying this, but it is true the accountant, not the engineer nor salesperson gets the top position usually picked by the top banks out there.