There is probably a matemathical function for the relation in the corporate ladder which indicates that for every upper management level, that person is an idiot in reference to his inmediate subordinate' s intelligence.
"PHB has shown in the past that he is not an idiot."
This PHB is from another dimension, and seems to be a noticeable upgrade from the original, who tried to land a crashing Jumbo Jet with his laptop in Excel.
PHB has shown in the past that he is not an idiot. He is just evil and pretending to be an idiot. The CEO, on the other hand, is an grossly over paid idiot pretending to be a leader.
But, at the end of day. The biggest idiots are:
The stock holders and whoever is buying this company products.