This argument seems familiar: highly decentralized governance is inefficient, while the traditional corporate governance structure consisting of the board of directors and CEO has been evolving for hundreds of years, constantly optimizing the goal of making correct decisions and creating value for shareholders in the changing world. The idealists of DAO naively assume that the decentralized egalitarian ideal can go beyond this, while attempts to do so in the traditional enterprise sector can only achieve negligible success at best. This article will demonstrate why this position is usually wrong, and provide a different and more detailed view to explain in which cases different types of decentralization are important.