And this was perceived as grossly unfair and unprecendented.
There was a perception that it would remain that way ad nauseum thanks to boomer slackers clogging up the promotion paths with sheer numbers and seniority. Not saying it was an accurate perception--just saying that it was there.
Nowadays, the best and brightest GenX folks--and a lot of the not-so-best-and-brightest--have leapfrogged their way past their former bosses. Why do you think that "age discrimination" has become the new buzzword over the last decade?