Posted by ksec 9 hours ago
I think the situation is a lot more stark than this. Unless they're desperate, the board of directors of corporations will install an MBA as CEO. In most cases, the only time this doesn't happen is at the founding of the company, when a founder is CEO. But if the founder doesn't maintain controlling interest, the founder can be replaced.
The promotion of Steve Jobs to interim CEO of Apple in 1997 was a rare exception. Apple fired its CEO, and the company was in danger of bankruptcy. They were running out of options and feeling the aforemention desperation. Note how the situation was very different in 1985, when the board of directors chose John Sculley over Steve Jobs in a power struggle. At the time, they weren't financially desperate.
With compensation so completely tied to "did our stock go up since you joined?", it's a whole thing.
So much for the so called "safety" of the appstore.
In fact, they had so many ChatGPT fake apps showing as top results that they had to do something as users couldn't find the real one and it reached the news.
These companies are overconfident.
Overconfidence is a slow and insidious killer.
Apple annual gross profit for 2025 was $195.201B, a 8.04% increase from 2024.
And still, they feel they can do this? I have never seen a better sign of a monopoly in my life.
I'd rather ask for app recommendations on 4chan or Reddit than browse App Store.