My experience working as a principal engineer in a large multinational was pretty good. Even though there was a lot of pressure for me to stop engineering and start joining the power point brigade. I once did a headcount between me and the CEO. The number was 7. Three layers up, management was so detached from reality that it's not surprising that they ran the company into the ground. That company was Nokia. I learned a lot about how not to manage a company. My direct managers were excellent but generally powerless.
I became my own boss after that. I've learned a thing or two since then about managing other people and getting results from them.
What did you learn?
Like most middle manager roles, I think it's only good as long as you have a good team and a decent support from the company. If the team I work with is going to be bad I'd rather be the IC than PM 100%, at least I can get some stuff done and have a level of control.
Sun Tzu
As an EM you’re closer to the product and the team that builds it. You have direct influence on the success and failure of the product and the team and it’s where most of the fun is. It’s a truly fulfilling role for those who are hands-on and love the wholistic experience.
Managers of manager and above are often in rarified air and have to cast their nets wide and farther to make decisions.
On the other hand replace the engineers with a rubber duck and there is no product.
But I agree at least there’s a chance to do something worthwhile.
In same vein say Vice President in banks is no (vice) president of anything, just above Assistant VP (who is not assistant to anyone). Meaningless words on their own.
I guess its down to ego game - nobody ambitious would like to be called ie 'low manager' or 'assistant manager', that sounds like proper secretary position.