It's not that you want teams to be able to go rogue - you want teams to be able to work against a stable mission statement, that doesn't change every 5 minutes as the CEO changes mood
replyWhat if the CEO is wrong about something?
replyThat's on the company owners[1], as represented by its board.
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[1] Companies like Meta actually has two types of ownership: ownership of the company's current assets (economic equity), which is not the same as ownership of control in the company's decision making (voting power). The owners I reference here are the second category of ownership.
In the example of Meta, a quick search suggests Zuckerberg holds about 61% of the voting power.