It differs from person to person. Though the article is mostly right there are some points to consider. The writer is CEO from a executive search firm. So he indirectly lists his problems and an article like this essential to make his job easier. Also in the example given, when a person cant handle a company in which he has worked for so long and knows the business model cant run it smoothly, how do u expect him to run a mid level company where the challenges will be lot more than an established one and make is successful. A person incapable of excelling in a known environment will hardly be successful in a new environment. About the plane incident too.. Not all the executives will decide unanimously decide to badn a candidate. It depends on their targets and pressure at that time, particularly in the industry that opearates in "your loss is my gain" model.