Steve Jobs wasn’t a programmer, but he was absolutely a techie. Go watch some of his marketing and keynote videos from the NeXT days: He understood the technology and more importantly why it mattered to the product and customers.
Also, think about the corollary: if that was true then most certainly the opposite is also true that technical people are terrible at business decisions.
Hardly my experience. Some are, but some are excellent business people.
>the opposite is also true that technical people are terrible at business decisions.
I'd say thst is generally true, yes. That's why the CTO isn't the CEO.
The big issue people are hinting at is that there's not much balance in this C suite these days. Just a bunch of people who all put money first, that isn't the CFO.