alt Hacker News100% this. The CEO at my last company squandered hundreds of millions of investor funds, and now he's the CEO at another company taking on hundreds of millions in debt.
Another example: current CEO of Cerebras, is an SEC felon from a prior company (for cooking the books), and now he's CEO of a public company.
Feldman "failing up" is being the CEO of a public company he _founded_.
"failed up" is currently defined as founding a company that goes public and being its CEO. I'd love to know what success is.