Smart people in the weeds - Vice President bei Jefferies: Mitarbeiterbewertung

Non-managers have careers that stagnate largely due to politics. Managers have no incentive to promote and nurture great talent, and thus they focus only on making sure those above them hear what they want to hear. They can't promote as it would compromise their very own roles. The CEO and chairman have a different mindset, however their mentality doesn't always trickle down.