CEO...WHY?

We have this omnipotent figure in todays world. The CEO. He/she has the ability to utterly own your company. So my question is, why would you even want a CEO? You hire a CEO in order to run your company. Where did the boss go? Where did the guy who was EDUCATED in the field go?

We have many problems with it comes to CEOs.
First thing is that CEO's get paid around 50 million dollars a year. Thats over kill. The president doesn't get paid that much. A CEO should get paid around 700,000? That would be ok. You save millions of dollars that you can use to spend on other things, such as research.

Two, CEOs are usually not E-D-U-C-A-T-E-D when it comes to their field. Look at the CEO for HP. Does she know anything about computers? No. She doesn't. She ran HP into the ground. Look at the CEO for Apple? She ran apple into the ground. Now that the boss has come back and kicked her out of the CEO position, Apple is doing decently now. Why? Because the owner of the company actually knows something more than Excel about computers.

Management is highly overrated. Sure, it is important to some point, but certainly not 50 million dollars worth. Too much management and too little workers will not run a company. Especially if the leaders don't know jack about their field.

Take this example. You have a CEO that tells you to make a computer can float. You can't do this. Why? It's impossible with todays technology. Not only is it impossible, but it is also impractical. What the hell are you going to do with a floating computer? The CEO won't care. He/She will just fire you if you don't want to do it. If you do a bad job at it, he/she will fire you.