The real world does not work like that. If you studied at the right institution or your family knows the right people, you will get the right positions.
The whole purpose of title inflation is to direct money to your friends with plausible deniability.
Now someone will bring up the rare cases where a CEO actually did something. That does not disprove the rule.
The whole purpose of title inflation is to direct money to your friends with plausible deniability.
Now someone will bring up the rare cases where a CEO actually did something. That does not disprove the rule.