No. of Recommendations: 1
IMO, the bad aspect is that it used to be that the CEO came up through the ranks. Now they are professional managers of a generic company, and may not even KNOW the details of the day to day things the business does.

Something I came across one time:

It's easy to make good decisions given sufficient information.

A good manager can make good decisions given inadequate information.

A perfect manager can operate in perfect ignorance.
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