Carl Icahn put it the best as he described his encounter with a CEO when he asked the question, what does a CEO actually do in a corporation?

His answer was that it was a pretty pathetic one based on his observation. The CEO would take him to different floors and explain stuff but nothing that had any substance or material understanding of operating the country.

Carl Icahn's view isn't alone. Nassim Taleb also blasts overpaid professionals and experts as "empty suits", they literally add little to no value to the organization other than how much they don't shut up about how great they are and what ivy league school they graduated from.

I also have to conclude that CEOs are largely useless and could be replaced by a sock puppet operated by a homeless man.