[jacobquick]

On the other hand companies that think this way trip themselves up by letting people fail upward: "they can't do the job as an individual we'll let them manage everyone else into the ground."

[dhimes]

It's called the Peter Principle

http://en.wikipedia.org/wiki/Peter_Principle

[jacobquick]

Well no in this scenario the person has been promoted two steps past his level of incompetence.