Earlier quoted context omitted.
> I automatically become CEO, CTO, etc., by starting my own company, and this is true of anyone who started their own companies, including the ones that are now BigCos. Founders don't need any specific qualifications or characteristics to merit their positions. If you are involved in starting a company, you _get_ the position of CEO, CTO, etc essentially arbitrarily. That's initially. After a while you merit your pos…
>After a while you merit your position by not running the company into the ground, but instead making it succeed. That's not merit for the position but not being a five alarm dumpster fire at the position. There is a difference. As long as the company is lucky or there's enough overall competence in leadership or they hired the right employees that incompetence may not be destroy the company. That doesn't mean they'r…
Apparently whoever wrote this has not worked at a somewhat stable company. C-levels get a lot of undeserved respect when in fact usually they're protected by a very (understandably) conservative board. The board will choose inaction over action in almost every case unless the failure is so bad it's public. CEO types are not as fungible.
The actual people who succeed by not running the company in the ground are the engineers who by-and-large are fungible "human capital" paid as little as the company can possibly get away with in the current market. This is the only industry where CEOs are held with reasonably high esteem. Perhaps it's because engineers think they will become one one day. Or maybe it's because tech CEOs are ascribed some sort of god-engineer status when the reality is most of them couldn't even pass their own 18 phase 5 day interview + colonoscopy their engineers do.