I have no management experience, but I wonder if there's a certain level up the ladder where one person just can't do most/all things well? There are so many problems and teams, even being accountable to a fraction of them would be taxing.

Not saying this to remove accountability, but I know I would personally collapse in that job.

It's good management from certain perspectives.

Whether we actually do something about companies constantly introducing volatility to our social livelihoods, abusing workers, and eroding our buying power is really up to us though.

You have to make it heinously unprofitable, since that's really the only mechanism in capitalism that would course-correct this behavior.