You have no data to back the claim that ‘hired-hand’ CEOs are the ‘real problem’. This is just your personal bias speaking. I wouldn’t say that the situation is

You have no data to back the claim that ‘hired-hand’ CEOs are the ‘real problem’. This is just your personal bias speaking. I wouldn’t say that the situation is the polar opposite of what you’re suggesting, however I’m pretty sure management performance cannot be evaluated in a binary fashion.