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It's harder to make a news story out of "director promoted to VP" than it is out for "Google VP leaves for Facebook". I think at all of these companies, a large portion of the executive team was promoted from within and has been with the company for many years.

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And that snubbed director is going to leave to be VP of another company and the cycle starts all over again.

My point was that promotions do happen frequently, you just don't hear about most of them.

You're right that there's gonna be selection bias if one just judges by press. But I've seen this internally many times as well.

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