I have 8 years experience thinking an owner. 8 years ago, I was TERRIBLE. Today, I'm pretty good. When I talk to someone who's smart but without experience as an owner, irrespective of their credentials (MBA don't cut it), it is clear that they couldn't do my job.
In order to be a good CEO you need to have two things: 1) talent and 2) experience thinking like an owner. Most execs have #1, but not #2. Suppose Ballmer founded Microsoft and hired Bill Gates. Gates likely would've failed because he didn't have experience as an owner.
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Perhaps after 8 years of toiling away, they could do a better job than I have, but their last 8 years have been optimizing for pleasing their superiors, look good, company politics, narrow focused departmental thinking - totally different from the CEO's job.
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