Thats a narrative you paint to suit your argument. You also have to admit there are people who can't move up the ladder for a long time simply because:
1) The company has no intention of increasing managerial roles headcount and they can't move up if the existing people occupying those positions refuse to budge.
2) They could be capable, but their existing manager simply don't like them or is jealous/feel threatened by their ability.

From my experience, if it's a foreign mnc, the CEO/CTO is usually a foreigner so that's not the position we sinkies are competing for anyways