Why is it that so many managers have missed this crucial lesson?

Apparently, this slide is not shown until after lunch on day 1 of Management 101. And most of the would-be managers got so drunk at lunch that they delegated the afternoon sessions to their Personal Assistant instead.
Career-Saving Disclaimer: This does not depict any of my current managers. This just depicts a manager that someone told me about once. Yeh. A friend of mine. Who worked somewhere else.
Here's a bigger version:

Here's a US-english version for my linguistically dis-enlightened cousins:
'Anon' on Mon, 04 Apr 2005 23:51:55 GMT, sez: OK, I'll say it. I have absolutely no idea what this means.
'Reggie' on Mon, 04 Apr 2005 23:58:06 GMT, sez: so anon, you really don't know your arse from your elbow?
'Clarke Ching' on Tue, 05 Apr 2005 13:25:29 GMT, sez: Lovely. Thanks!
'Buck10' on Thu, 04 May 2006 16:20:47 GMT, sez:
This means in order to survive another day without being clubbed to death while climbing the ladder, you must know where to properly apply the grease.
'indibo' on Wed, 24 Jan 2007 18:47:15 GMT, sez: You are absolutely right.
'LOU' on Sun, 17 Jun 2007 07:20:22 GMT, sez: Proper Projection???
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