Everyone is familiar with the Peter Principle at this point. I believe there is something to it, but it doesn't explain what we find in modern companies. It's too passive a mechanism to explain the malevolence that typically quickly develops in most successful companies.
The Gervais Priciple seems to much better explain the modern organization:
"Sociopaths, in their own best interests, knowingly promote over-performing losers into middle-management, groom under-performing losers into sociopaths, and leave the average bare-minimum-effort losers to fend for themselves."
https://www.ribbonfarm.com/2009/10/07/the-gervais-principle-...