this post was submitted on 13 Feb 2025
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There are some offsetting factors that also prevent the "best and brightest" from rising to power: https://dealbreaker.com/2007/10/icahn-explains-why-are-there-so-many-idiots-running-shit
He moves up the corporate ladder, without a single original idea that might make his boss feel threatened by his potential.
Eventually, he gets to be the #2 guy at the company. He's a little dumber than the C.E.O., but the board likes him, so he eventually gets to be C.E.O.
Of course, he assigns a #2 who is a little dumber than he is. "And eventually, we're going to have all morons running our companies," Icahn concluded. "We might not be that far off from that right now."