"Instead of being penalized for underperformance, executives, even those who
are fired or have poor track records, are regularly showered with job opportunities.
And with enough time, some of these executives naturally end up as CEOs on the sole
basis of having the most experience in the room.
These leaders tend to blindly follow the same strategies and make the same mistakes
wherever they go, because they're not incentivized to learn from their failures. The
majority of these appointments typically do more bad than good, as these executives
who constantly fail upwards, tend to spend most of their time replicating how things
were done at their previous company, rather than actually leading their new companies."