In order to be trusted with a lot of money, you need to be really bad with money.

Guys, I’m starting to think the economy is sick…

In particular, because the people are management who don’t lose anything when investors get wiped out. The solution is clawing back money that execs paid themselves with these embezzled (on a risk-adjusted perspective) funds.

Fascinating, isn't it?

You can apply the same thing to people management. Who cares if you're a shit manager, if you've managed 100 people that's still going to be looked upon more favourably than someone who's managed 20 people really well for a 100 person management position.

Applying it to execs is probably a simpler comparison. Shit exec means you were still an exec, so you can probably get hired somewhere else as an exec.

There is always an NFL team that needs a quarterback of any caliber!