There's a big ego issue. Admitting the CEO failed requires admitting they failed...

		nitwit005 on Nov 5, 2022 \| parent \| context \| favorite \| on: Many companies aren’t prepared to replace underper... There's a big ego issue. Admitting the CEO failed requires admitting they failed. The board picked out the CEO in the first place. They decided it was worth spending millions on them. And they likely approved of the CEO's plans whe it was discussed.