…quite coincidentally Adam Conover has made a much better job at delivering the message that I wanted to say.
I have seen with my own eyes how high-up and extremely well-paid managers and CEOs think and work and I experienced first-hand three corporate takeovers (which successively stripped the venue of assets and know-how and slowly turned a profitable and respected business into a hollow shell). For about fifteen years now I had no illusions that rich people actually really work harder, are smarter, or both than your ordinary Otto Normal. Quite the opposite in fact, and the word “manager” gained an extremely derogative meaning in my private vocabulary as a result.
And the only good managers were not those who took a hands-on approach with the sole goal of making as much money as possible as quickly as possible, but those who just chose teams of experts in their field and let them do their jobs. Profitability usually followed if the market was there. Those who thought they know better than people who have been doing a particular job for years or even decades inevitably ended up screwing things over, as well as those who preferred short-term solutions over long-term ones. And because big companies have some inertia, it often took a long time for the negative effects of said bad management to be really visible – which is an answer to those silly people out there who insist that Musk is not doing a shitty job just because Twitter has not completely collapsed – yet. Oftentimes it happens that a bad manager is screwing people over at some other company by the time the fallout of his (mostly his) bad decisions really starts to show.
Musk’s biggest mistake is that he started to believe his own propaganda and he really thinks he is a genius who knows better than everyone else. Which is inevitable with sociopathic narcissistic assholes.