He's a CEO-type and it's largely blowback from everyone seeing companies just go and do stupid shit left and right without considering things like knowledge problems. Here's a good one for you.
Lee Iaccoca, when making the Ford Pinto, did a cost-benefit analysis with a small baffle behind the rear bumper to stop that whole leaking gas tank thing they're famous for. People found out about this, and he was sued. It was so cheap to install! What do you mean he didn't put in this basic safety feature!!!
Iaccoca, no slouch in the brains department, had actually factored this in. Ford still made more money not putting the baffle in, even though it was something dirt cheap... $9 I think?
Like it or not, CEO-ship is not for stupid people. Stupid people generally don't become CEOs. That's not me defending CEOs as infallable, it's me defending them as cream of the crop who far more likely have a wormtongue in their ears, lose vital knowledge in the corporate bureaucracy, or got promoted to their point of incompetence as opposed to stupidity.