But apparently the owners think this guy Spez is a good fit to run their company, somehow

He’s exactly what they want. A complete straw man with a hateable face, a genuine Nimrod that thinks he’s the smartest guy in any room he’s ever been in. Sprinkle in being a privelaged yes man and he’s the perfect face for an ownership group that wants to remain anonymous. He’s literally Tom from Succession, might even be who that character is based on IRL.