Wall Street Oasis - Investment Banking & Finance Community: What are the real reasons some people get promoted and others don't?

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What are the real reasons some people get promoted and others don't? Apr 3rd 2013, 02:30 From Quora, the OP asked the following question: What are the real reasons some people get promoted and others don't? I would appreciate answers based on observation and experience from people with significant management experience that take into account the political dimension of promotion rather than urban myths like "work hard and do a good job". Jason M. Lemkin, CEO at EchoSign, had this top voted answer: I'd like to provide some insights from my experience as a VP at a leading F500 tech company, and as a reasonably successful start-up CEO. Promotions in the F500 are indeed complicated, but let me focus instead first on Performance Reviews, which is a penultimate step to promotion, and something in my F500 experience that materially impacts your compensation. read more Media files: preview (image/jpeg, 0 MB)

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