[TheOtherHobbes]

Reality C is far more common - CEO is an asshole and clueless about running a profitable business. Because they're too busy and distracted by self-important posturing and/or outright fraud to make good decisions.

Competent assholes are far less common than incompetent assholes.

There's a bizarre myth that being an asshole somehow correlates with business competence.

But that doesn't take any account of the large number of asshole CEOs who are crash-and-burn fuck ups.