“his enterprises waste less than the federal agencies he replaced” No, they don’t. His “enterprises” only work because the federal agencies “wasted” money laying the groundwork.
400x? Feels more like 4000×. CEOs are now glorified cheerleaders. It’s such an easy job you have people like Muskie being the CEO of multiple companies at once. And when things go bad due to their incompetence, fire people who do the actual work to make the shareholders happy.
Ate their ice cream.