I suspect because they need to dangle the carrot of partnership in front of younger managers, otherwise they’d leave. It’s a big issue in law firms, where seni

I suspect because they need to dangle the carrot of partnership in front of younger managers, otherwise they’d leave. It’s a big issue in law firms, where senior associates (the ones who actually are responsible for 99% of the work) get fed up waiting for 70+ year old partners to step down.