That is true, but even if a good CEO does not create the value of the company, but his employees, bad CEOs prevent their employees from doing effective work.

There are too many bad CEOs, so the CEOs who are not bad, like the CEOs of NVIDIA and AMD, must still be praised, and the success of their companies was conditioned by them not being bad CEOs.

There are a lot of examples when a bad CEO, coming after a not bad CEO, has destroyed a very successful company in a few years.