That's actually an interesting point. Do CEOs matter? Startup CEOs certainly do, they're actually doing something that involves work. But do CEOs of more matur

That's actually an interesting point. Do CEOs matter? Startup CEOs certainly do, they're actually doing something that involves work. But do CEOs of more mature companies matter? Arguably not, since they commonly do more harm than good. The focus of the latter CEO is to secure their own power at the expense of the organization [1]. And so, having a CEO that doesn't do that, even if flawed, seems like a better thing to have. [1] De Mesquita, B. B., Smith, A., Siverson, R. M., & Morrow, J. D. (2005). The logic of political survival. MIT press.