>> So actually, staying at the same company for a long time probably means you're trapped by a glass ceiling and not promoted
Some anecdotal evidence I've seen of this.
I worked at a large publishing company. One of the VP's had been there some ten years. Seven of those as the second in command as the senior VP. Three different times, they hired an outside CEO, passing him over and each time the CEO left after less than two years, they didn't even consider him. He's still there and its clear they have no desire to promote him to CEO. Even knowing this, he continues to stay there which also has a down stream effect where nobody below will be promoted into his position or a parallel VP position, so by him staying? It just stagnates everything below him. Managers leave because they know there's nowhere to go but laterally or out of the company.
More recently, I worked at a huge health care company. One of the senior directors recruited me to join a new AI team he was standing up to do various projects with some emerging AI tools. I felt honored he would seek me out. Turns out, this was his gamble to get promoted into a VP position that he had coveted since being a director for the last five years. Our team kicked ass for about a year, but apparently, it wasn't enough. During our afternoon team meeting, he just announced out of the blue that Friday (it was Wednesday) would be his last day and our manager would be taking over the team after he left. He pulled me into his office a few hours later and explained what had happened. He said his boss (a VP) had told him last month that no matter what our team accomplished, he wouldn't be getting his VP spot at this company. If he really wanted to be a VP, he would have to leave the company since herself and several other VP's, didn't see him as "VP material" which is crazy if you knew what the guy did in his tenure at the company. Unironically, he joined an AI startup as one of two of their VP's. He was there for three years and they got acquired for $300M of which he got a good chunk of.
Some anecdotal evidence I've seen of this.
I worked at a large publishing company. One of the VP's had been there some ten years. Seven of those as the second in command as the senior VP. Three different times, they hired an outside CEO, passing him over and each time the CEO left after less than two years, they didn't even consider him. He's still there and its clear they have no desire to promote him to CEO. Even knowing this, he continues to stay there which also has a down stream effect where nobody below will be promoted into his position or a parallel VP position, so by him staying? It just stagnates everything below him. Managers leave because they know there's nowhere to go but laterally or out of the company.
More recently, I worked at a huge health care company. One of the senior directors recruited me to join a new AI team he was standing up to do various projects with some emerging AI tools. I felt honored he would seek me out. Turns out, this was his gamble to get promoted into a VP position that he had coveted since being a director for the last five years. Our team kicked ass for about a year, but apparently, it wasn't enough. During our afternoon team meeting, he just announced out of the blue that Friday (it was Wednesday) would be his last day and our manager would be taking over the team after he left. He pulled me into his office a few hours later and explained what had happened. He said his boss (a VP) had told him last month that no matter what our team accomplished, he wouldn't be getting his VP spot at this company. If he really wanted to be a VP, he would have to leave the company since herself and several other VP's, didn't see him as "VP material" which is crazy if you knew what the guy did in his tenure at the company. Unironically, he joined an AI startup as one of two of their VP's. He was there for three years and they got acquired for $300M of which he got a good chunk of.