I am a retired Colonel. I hired a retired Sergeant First Class who had worked for me and made him go finish his degree. He now makes three times what I make, has his own company, and is the better man.
The big problem with Colonels and Generals is that many do not want to do the real work that you have to do in the business world.
I’ve known several and do see some of that. One was an Army O6 who simply could not deal with people. If he couldn’t order his way out of it he simply could not deal with it.
A couple others were excellent leaders but had forgotten how to do any real work. A few were simply outstanding.
Not too much different than the enlisted.