Yup. It's kinda my conspiracy theory, but also, it's really not, it's like a public secret at this point.

They don't get these huuuuge golden parachutes for nothing. They get it precisely because they need to take the fall at some point, and if the fall is big enough, they might not even get a new job at a similar level.

It's a disgusting system, but I'm not trying to absolve CEOs of anything here. They very much know what they're getting into when they sign contracts for tens of millions per year in total comp, with generous exit packages. I'm just saying that's why companies won't replace them with AI, or even just cheaper proven leaders, any time soon, despite the fact that no CEO is worth the amount of money they make, in actual productivity.