en.wikipedia.org/wiki/Technocracy

A technocracy is a model of governance wherein decision-makers are chosen for office based on their technical expertise and background. A technocracy differs from a traditional democracy in that individuals selected to a leadership role are chosen through a process that emphasizes their relevant skills and proven performance, as opposed to whether or not they fit the majority interests of a popular vote.

a system that lets the money guy call himself CTO.

is probably more of an oligarchy or some other thing about rich people having power; technocracy is about getting people who know their shit run stuff that they know about