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Funny, at every corporation I've worked for, every department was still working on last quarter's features. FAANG included.

That’s exactly what they were saying. The department are operating behind the executives.

This is a good point. I had not thought of it this way before.

C-level employees are about setting the company's culture. Clearing out and replacing the C-level employees ultimately results in a shift in company culture, a year or two down the line.

You may find that this is true in many companies.