CEOs don't get laid off (or fired) for being wrong—not once, not a dozen times. At worst, they get sent off with golden parachutes when the company is doing fla

CEOs don't get laid off (or fired) for being wrong—not once, not a dozen times. At worst, they get sent off with golden parachutes when the company is doing flagrantly terribly, or they resign if they're hit by a scandal they can't just spin away. There just aren't systems in place to evaluate CEO performance with anything remotely resembling objectivity. The job has become a way for rich people (on boards) to give their rich friends and colleagues another way to get richer and exercise unwarranted power.