The Peter Principle, where individuals are promoted to their level of incompetence, is alive and well in America. In corporate America, to be precise. In the executive suite, to put a fine point on it.
The failure rate of new executives is shockingly high. This is not a new post-pandemic trend. It has been a costly fact of life for 30 years since the Corporate Executive Board (CEB) first began to track this phenomenon in 1994.
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https://johngself.substack.com
Link for the full interview: https://www.youtube.com/watch?v=-yDM3dIHHsI&t=2304s.