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But surely if CEOs had term limits then the good ones would be jumping from one company to another, so if they think too short term then no board would hire them.

Boards would hire the CEOs that set the next one up for success.

Kinda like how term limits for the us president doesn’t usually result in that type of behavior since it would screw over their party.

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Boards are the ones hiring the bad CEOs now. They're not equipped to tell the difference, even when they're not actively colluding to juice the short-term share prices so they can get out with a yachtload of money.

That only works if you assume high-quality objectively-understandable information.

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