I suspect a lot of CEOs want to make these investments but are unable to convince key players and shareholders to get on board with doing so. Persuading key pla

I suspect a lot of CEOs want to make these investments but are unable to convince key players and shareholders to get on board with doing so. Persuading key players is work, you have to spend reputational capital, twist arms, and the process consumes time and resources needed for other important company objectives. It’s easier to wait for them to fail so that it’s abundantly clear to everyone that they need upgraded and improved, and everyone is instantly on board with doing so. Yeah, you take some heat in the immediate aftermath but in the long run it’s probably cheaper and less risky all around. Alternatively, those systems may never fail, or take a long time to do so. it makes counterintuitive business sense.