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> Phrases like “benevolent dictator for life” have become pretty widespread

I dont think anyone said "for life" here. The thing about business "dictatorships" is that they are naturally temporary. These people will leave of their own accord or be fired if they're incompetent at some point. And if the very top doesn't fire these people, making themselves incompetent, then their business will struggle to sustain itself.

It's not like a dictatorial government which can rewrite laws and use military force.




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