You have a good point, but it&#x27;s clear that CEOs do have a huge effect on company fortunes. When you get a rockstar CEO, the upside is obvious. And when you get an idiot CEO, so is the downside.<p>Kind of. One problem is that Wall St isn&#x27;t great at distinguishing between idiot CEOs who sweat companies in the short term but kill them in the long term, M&amp;A shopaholic and management-by-rebrand CEOs who flap around doing a lot of useless stuff with no actual clue, rock stars who grow companies with a vision, and bullshit CEOs who churn through investor cash and wishful thinking but create no real profitability.