Yes, pretty much every one, it's called the Peter Principle.
I don't agree that's the case for Levy though, as the football strategy he's overseen has been an inarguable success, it's a football club, everything is part of the football strategy. In all of the decisions he's had to make, the mistakes are a low percentage.
The fixation on trophy count (a wider point, not specific to you @Benny_Lad as its not something you said in your post) whilst ignoring the inequality in funding and the individual player errors at key moments, on the cusp of trophies, is unfair on Levy imo. To use an NFL analogy, he's repeatedly marched us 99 yards down the field, only for us to cough it up on the 1 yard line.
He’s been amazing for the club. But since Poch - nothing has come good from a football aspect. Actually - he probably got it wrong before then, by letting 3 windows pass without funding Poch.