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It is humbling because you are elected by a group of your peers to lead. It also gives implicit credit to all the people that helped make him successful. Leadership is not zero sum and it doesn't follow specific rules. If anything the rules of promotion are codified by practice and not necessarily logical and prescribed but in general most people aspire to be fair and merit based.

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> It is humbling because you are essentially elected by a group of your peers to lead.

I don't understand this. It would be more humbling if, being at the top of your game and fully expecting to get the job, you were turned down for the CEO position. Or they demote you to a lower position. /That/ would be humbling. You're humlbed when you suddenly are forced to re-evaluate your self-worth after it's made clear it doesn't match the real-world scenario, not when you reach the top or reaffirm your position.

This is a very trivial thing to focus on in the context of Nadella's letter. What exactly is your point? It's also a poor statement to chose for psycho-analysing and judging Nadella's character.

You're mixing humbling and humiliating.

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