It doesn't surprise me that they're incompetent.

There's a prevalent misconception that the most deserving become successful, rich, powerful. That those running the world's largest companies are especially talented, intelligent and hardworking. I suspect this is also why for a long time people assumed people like Boris Johnson, Putin or Musk were geniuses or especially talented.

It's an example of the Just World Hypothesis. A religiously inspired cognitive bias that leads people to think that people get what they deserve, that you reap what you sow, that what goes around comes around. It's comforting to think that by being a good person, acting a certain way, and doing your best, you can prevent bad things happening to you. Of course, life doesn't always work that way.

The reality is that life is often unfair. Very talented, intelligent and hardworking people end up dead in a ditch. Utterly average people end up running billion dollar companies or even entire countries.

To quote Jean-Luc Picard: "It is possible to commit no mistakes and still lose. That is not a weakness. That is life".

The opposite is also true. It is possible to get exceptionally far in life, with a bit of luck, nepotism, and by being a tool.

TLDR: Steve Huffman will almost certainly continue to bungle this spectacularly. He will then be rewarded millions when reddit IPOs, millions for an entirely misjudged 'effort' that literally amounts to worse than nothing at all. That's just how the world works.