Absolutely right, and it's ubiquitous across organizations too.

I've never met an executive I respect. They're all absolute experts at appearing competent.

I mean, they're selected for it so that's not surprising

I guess the surprising part is that appearing competent is more important to shareholders than being competent

Actually checking if someone is competent requires actual work, though. Work is for lesser people. Shareholders just know if a person is or is not competent, that's why they have so much money, right?