C-suites have no grip on reality, because their subordinates are afraid of telling them truth. The subordinates just want to look better in the boss's eyes, and are afraid to be replaced.

The more levels the org chart has, the more pronounced the effect may be.

Pretend for a second that you're in a position of trying to run a successful business. Congrats, you're a c-suite executive now. Of course, you are free to define "successful" by whatever criteria you want, but not going bankrupt probably needs to be downstream of them.

Notice that whatever your goals are, they don't automatically serve the interests and per concerns of all your employees. Are you now delusional, evil, ruled by greed?

Running a smooth operation mostly just makes for really boring news. You should perhaps factor in survivorship bias of narratives into your views of the world.

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