What exactly is the Peter Principle?

Ever wonder why that star employee who gets promoted to manager suddenly seems completely clueless? Josh and Chuck dive into the Peter Principle, a darkly humorous business theory from the late 1960s that suggests people inevitably get promoted to their level of incompetence. They explore how this creates a cycle where hierarchies become populated by mediocre managers, discuss famous examples like "Brownie" during Hurricane Katrina, and share strategies for avoiding this career trap - including the radical idea of actually turning down promotions.