He was stuck at manager for twelve years. He was sure that was the ceiling.
Sriram spent twelve years reaching manager and then stopped moving. He was certain he had gone as far as the work would let him. By his own estimate the next step was another ten years away, if it arrived at all.
Inside four years he was an executive director. Graduates of the IITs and the IIMs now report to him. Nothing in the market changed. What changed was the set of capabilities he was working from.
The ceiling was never in the org chart or the economy. It was a set of capabilities that had not been built yet.