The most charitable interpretation is that most rich/powerful people are just as flawed as everyone else. Obviously, their power/wealth makes them less deserving of that charity ultimately.
I can't believe that. They pulled themselves up by their bootstraps at their private schools and then had to claw and fight as a legacy admission to the school their parents attended. From there they lived hand to mouth destitute with barely a million dollar loan from their parents!
Then there was the existential crisis of meeting with their college roommates' parents and their own parents' bridge buddies to secure millions in loans. It was their flawless vision and skill that let them be at the right place and the right time. If they wouldn't have had the foresight to fall out of a lucky vagina we would all be worse off.
You see they're scrappy go getters that started from the absolute bottom. They're infallible supermen whose greatest assets are their humility and unerring genius.
It's probably a CEO thing too - you have some vision for the company so you're going to hire people that enable that vision, not people that will question your every move.
Usually nobody cares if you're a poor jerk. At least unless you do something phenomenal you don't get wide attention.
"New" rich people, especially those with power over other people, can develop plenty of complexes and insecurities that come out as weakness... like firing somebody for mocking them.
"Old" rich, generational wealth tend to develop a set of manners and habits where they don't get noticed or embarrass themselves quite so much by displaying such weakness.
You don't stay rich for a long time if you act like a fool.
excellent case btw why you should never let these tech bros have power over your life, they're super charged angry little school boys with worse fantasies than a Soviet commissar