I think a lot of this kind of talk treats the C-Suite as special, mystical "visionary" people who Know Things We Can't Know, and by virtue of this otherworldly magical power, are uniquely qualified to do their jobs. Like the average person with basic knowledge of his business and industry can't possibly choose one service provider out of 10 bids, or set business priorities, or drive and enforce culture. We're not talking about wizardry here.
People always dunk on me for saying this outrageous statement, but if you put me in charge of a random Fortune 500 company, I give myself a 50% probability of the company performing better than if its real CEO was in charge, and a 50% probability of it performing worse. I really don't think these guys bring as much to the table as they think they do and as much as the general public seems to think they do. Business success does not come from paranormal insight and abilities.
I think you could randomly nominate CEOs from the set of the general population with, say, a minimum of a college degree, and the randomly nominated CEO's performance would not statistically differ from "qualified" CEOs.
People always dunk on me for saying this outrageous statement, but if you put me in charge of a random Fortune 500 company, I give myself a 50% probability of the company performing better than if its real CEO was in charge, and a 50% probability of it performing worse. I really don't think these guys bring as much to the table as they think they do and as much as the general public seems to think they do. Business success does not come from paranormal insight and abilities.
I think you could randomly nominate CEOs from the set of the general population with, say, a minimum of a college degree, and the randomly nominated CEO's performance would not statistically differ from "qualified" CEOs.