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Curiously, I have worked for one lady that was better at my job than me. And she was a ruthless delegator. Working for her, you either kicked butt or got kicked out.
But she was never worried about her position when I worked for her and I doubt she ever would worry. It's not like there are only a handful of SVP jobs open every year in the entire country. Being a pro-sports GM must be tough - you might only get one shot at being one and you generally don't get the job in the first place if the club is in good shape.