Why does a company president get to play the role of president?

There are many possible reasons.

They could have founded the company, inherited it, or climbed the ladder from the lowest ranks to secure control.

But when you get down to the core of it, there's only one real answer.

Whatever the reason, the subordinates are the ones who decide to uphold that person as president.

The technical term for this is a social contract.

“If there’s no one to hold up a treasurer from below, he’s just another washed-up old man in the back room.”

It does me …