I see it mostly as a refutation of the idea that MBA style management-as-a generic-function works - nothing more.
In settings where the people being managed are professionals, I have come to think that there should be a vote of no confidence option where a majority vote of the team can immediately remove the manager.
Like in a band. Best projects I've worked on have been like bands. Each engineer skillfully playing their instrument, while the manager secures the gigs, promotes the band, listening and acting on feedback from the members.
So we reward visible work. The higher flames in Ops the better, to not be invisible.
This is why manager must have domain knowledge.