I don't typically experience imposter syndrome.
However, it is my understanding that the majority of people I know seem to experience imposter syndrome (likely influenced by the fact that my social circle is mostly academics)
Thus I seem to be the odd one out in this respect, paradoxically causing me to feel like an imposter for not experiencing imposter syndrome.
¯\_(ツ)_/¯
What's really stupid about this cycle is that some of these fail-upward executives genuinely believe the crap they're spewing. Weirdly, I think I respect the grifting executives more
Edit: by grifting executives, I mean the ones who participate in that cycle you describe, and are aware of the harms they cause in their wake, but don't care because they've gotten good at knowing when to skip out