I've read the book several times and of course seen the film. The question of Queeg's status of good or bad is really a fascinating one, when you get down to it. Here's my own opinion, for what it's worth (I'm actually a grad student in psychology, so I know a bit about it).
Queeg is as much a victim as he is a villian. From the very first, you get the distinct impression that he's in over his head. He had only a few months as an executive officer before being given command, and at no time had he ever actually conned the ship. That's why he grounds the Caine in his first attempt to leave Pearl. The problem is (as the psychiatrists pointed out in the trial), Queeg has so much invested in his identity as a naval officer that he can't stand to admit he's wrong, and sees being wrong as a threat to his position, and hence, his identity or sense of "self". When confronted about the grounding and the famous loss of the target (when he steamed over his tow-line while bitching out Urban for his shirt-tail), the commander accepted Queeg's story...but not without some serious reservations. He went so far as to offer Queeg a post in San Francisco, witht he promise of an excellent fitness report; claimed it was a way of making up for an obviously wrong assignment, and some shore time for Queeg (who'd been at sea for several years). Queeg didn't accept. The commander then went to the admiral, who didn't trust Queeg either, and had him transferred to another command.
The commander and admiral were right in their assumption that Queeg wasn't truly ready for command, but didn't act on it. They should have, because it's true; Queeg WASN'T ready. But here's the thing. Ready or not, he tried his best. As Willie later realizes in the novel, Queeg conned the Caine for 15 months with no major disasters, and with the ill-will of his entire wardroom. Would the ship have been lost in the typhoon if Maryk hadn't taken over? Maybe, but who knows? The question isn't whether or not Queeg was a good officer, but whether or not he should have been forcibly relieved.
It's quite clear that Queeg isn't a good officer at all. Mental problems aside, he's not too bright, he's mean, and he lies through his teeth. He should never have had command, but once he had it, he deserved better. I wonder often what would have happened had Maryk went to him and simply told him man-to-man that he was there to support him, and would help him in any way Queeg needed. Would Queeg respond? Don't know, really; he might see the offer of help as a perception of his weakness and disregard it, but you never know.
So what did he do wrong? Well, he lied continually. He unfairly punished the officers and men, often to the point of endangering the shipt (for example, not letting the officer's sleep and then putting them on watch...that's a damn dangerous combination). He persecuted Stillwell out of spite, held up promotions and transfers, and was a coward in battle. Yes, a coward. Maybe he had the right to be, but sick or not, the fact is he DID run from the beach in the Kwajelien invasion, and he DID run off leaving the Stanfield to take fire from a shore battery when he could have helped engage it.
But is he a villain for this? Nah. Not really. Undesireable, yes, but not a villian. No, the real villian was Keefer, who was just too damn smart for his own good. It was fine for Keefer to bitch about Queeg and talk about how he was paranoid, but when it came time to put up or shut up, he turned turtle and refused. Then in the trial, he outright lied. That was actually fortunate for Maryk, but still it was a shameful thing to do, hanging his freind out to dry over his own ideas like that.
So to me, Queeg was a victim of the war, his position, and the treachery of Keefer. All the rest follows from that. Maryk, too, was a victim; had it not been for Keefer he probably wouldn't have ever relieved Queeg. As Willie surmised, during the storm there'd have been some wrangling and Queeg would have eventually come north if things got too bad. I wouldn't want to serve with Queeg, and would probably hate him, but knowing what we know, it's pretty clear he isn't really a villian.
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