It really depends. I mean for the most part your right but sometimes no matter how educated you are, your not getting that promotion.
A director at a company I worked for brought in all the talent and was the driving force behind the company. He was a really shy and quiet guy but even I knew(being a paper clerk at the time) that he was the one who put it all together. When a VP spot opened up, instead of picking him, they picked an underwriter who was a "people person".
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