Management needs to look hard at the ‘chosen ones.’ Some should have never been chosen, and some have been promoted past their level of competence.
They also need to look at the skill sets of raising talent. They shouldn’t leave topped-out people to spin their wheels and clog the pipeline, if there are more adept and knowledgeable folks below them that are ready to raise.
Not advocating PIP for most these folks. Just a graceful exit or non-management assignments to get them out of the way and to unclog a too-management-heavy organization. A graceful exit is more than our coworkers got in the previous years.
The truth is that the talented people who are held back from management opportunities will probably leave at some point. This is especially true when they look up the management chain and see less-competent, less-qualified people sitting in positions due to tenure and luck.
If you respect your manager and see in them skills you don’t yet possess, then you work happily for them….learning all you can. If you question how your manager EVER landed that role because they know very little and have awful people skills, you wonder what hope there is for your career. Then you start thinking about whether you need to leave.