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How come CEOs never get fired during layoffs? Laying off this much of the workforce is an indicator they have done their job poorly (I.e. failed to adequately forecast industry trends and demand). Any normal plebeian would be out the door in two minutes if they did something similar.

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When the CEO is the majority shareholder of a company it's a different calculus. Shareholders and the board are the two entities that can hold CEOs accountable. If they are one and the same nobody can hold the CEO accountable except customers via boycott.

You are describing a static, failing company’s CEO. If you never overextend, you were too conservative and weren’t making the best decisions.

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