Boomers are numerous. They use 401k. Tons of money go to buying shares. They buy 90% of all of them and never sell.
This is our reality. We rarely talk about it but it is. Not super rich. Your parents. Aunt. Old lady May down the road.
So share price globally always go up. Have always. For 30 years.
Which means middle management results have been wholly unlinked to their performance evaluation for 30 years.
No wonder our corps are totally unmoored from reality.