Powerful people at companies often aren't "valuable" in a global sense. The analogy is selling your soul, sealing a blood pact for power within a specific domain. Global value is more like being a contractor. Flexibility and freedom at the cost of no organization power.
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A Senior Engineer can go be a Senior Engineer somewhere else, but a Senior Executive does not automatically carry over a bag of skills. Their power is domain specific, forged through time and blood and sacrifice.
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They're useful cursed objects because they're empty vessels that can be charged with energy, but that takes time. Empty cursed objects often are just cast into exile.
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The illusion of global value is created by the illusion of separateness of organizations. A Senior Engineer has to jump through interview hoops. These create a boundary & an illusion of separateness. A VC looking over a portfolio of companies however does not see such boundaries
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From a VCs perspective, upper executives like CEOs are "Operators", suited for specific tasks and can be moved around while maintaining potency. (Though very slowly, like turning a battleship)
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