Then again, I'm not a CEO, so my opinion is wrong.
Amen brother! I was saying this way back in '95 with Web 1.0. There's a limited number of "applications" that can actually work within the confines of the browser. Even things like Flash and Silverlight don't change my opinion about that. Use the browser to find the application (maybe even as your "desktop") but launch the applications locally in their own window with full desktop capabilities.