A bad CEO can look great on paper and in the stock price. The product however will likely not keep pace, charging more for a product providing less value.
Long term value, employee satisfaction, and customer satisfaction are all intertwined. New management is more likely than not to harm at least one of those 3 .
All things being equal, you'd want a CEO who understands the business, either by coming up through the ranks or a long career at another company in the same business.
Long term value, employee satisfaction, and customer satisfaction are all intertwined. New management is more likely than not to harm at least one of those 3 .