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That "Peters Principle" can be true all the way to the top, especially in the case of "absentee ownership" as we call stockownership. When a guy is given more work to do, but gets his head chewed off for asking for more resources necessary to get it done, after awhile, an unhealthy pattern can get started where there is no choice but to start dropping work to tend priorities. May not be the incompetance of the middle manager so much as the greed of the top to try and squeeze the unsqueezable
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