dont just swallow their propaganda without thinking.
You may want to take the same advice. 'Usually full of C-Suite douchebags' shows how out of touch you are with reality. The majority of companies in the US don't even have a C-Suite and are mom and pop shops. Even those that do have a proper corporate structure, you can remove every ounce of salary and benefits from the C-Suite and still wouldn't lower prices significantly.
Management makes bad decisions? So do workers. Everyone does, that's humans, no one is perfect. Do workers more often get kicked to the curb over management? Sure, that's reality. If you move yourself into management, and workers make errors that cost the company, who do you get rid of?
Perhaps it's a giant combination of factors and not just some sucker with 'C' in their title.