The Peter Principle theorizes that people in a firm will be promoted to a point where they are no longer qualified, leaving a company with incompetent employees in leadership roles.

In his 1969 book, The Peter Principle, Peter and co-author Raymond Hull introduced this theory to the world, which, despite being intended as satire, struck a nerve with employees across industries.

THE PETER (BUTTIGIEG) PRINCIPLE. In the 1960s, there was a professor and business analyst named Laurence J. Peter. He became famous for coming up with something called the Peter Principle.

Published in 1969, The Peter Principle skewered corporate culture decades before Dilbert and The Office became pop culture hits. While it was written as satire, researchers have looked into the ...

The Peter Principle made us laugh, but it also made us aware of the importance of simple competence — and of how elusive it could be. When people do their jobs well, Dr. Peter argued, society ...

Fed Chair Jerome Powell at a news conference following a Federal Open Market Committee meeting in Washington on July 27. (Ting Shen/Bloomberg News) The Peter Principle is: “In a hierarchy, every ...