I also think some of those CEOs should be fired, but I don't even think there was over hiring... It's more that demand went up by a lot suddenly, and then down by a lot suddenly.
The weren’t able to integrate the hires in time to meet the demand spike before it went away. So it would have been optimal to not hire into it.
Was that very difficult to see at the time? Sure, but what are those astronomical comp packages buying? Making very difficult calls correctly is their jobs.
