[themafia]

As if "higher-ups" is an assigned position.

If you fail as a "higher up" you're no longer higher up. Then someone else can take your place. To the extent this does not naturally happen is evidence of petty or major corruptions within the system.

[Seattle3503]

In competitive industries, bad firms will fail. Some industries are not competitive though. I have a friend that went a little crazy working as a PM at a large health insurance firm.