People don’t realize they are regarded or respected for their chair/seat or job role. Once they are out, they will be part of the ether. The new person occupying their position will reap the same love, respect, and eye candy.
I have been in this industry for the last seven years. I have seen energetic folks making it to the top with their identity and hard work. They realized early on to be genuinely loved and respected, not because of their chair.
I have also seen many funds closing, and partners leaving and disappearing overnight. Some looking for jobs and not getting them because they forgot to treat others like humans.