I'll share my perspective as a director who's held similar roles at previous companies. When I joined Nike I received a raise, but my actual scope and responsibilities fell far short of what the job description promised. The problem isn't just a bloated middle management layer; it's also a bloated VP layer, which has a trickle-down effect. Any company with multiple layers of VPs reporting to VPs is likely stuck in a bureaucratic rut. Decisions require multiple layers of approval, leaving you feeling powerless and at the mercy of whichever VP is making the most noise.
Directors, in particular, are stuck in a difficult spot. Those who manage people spend most of their time mediating petty squabbles and personnel issues, rather than driving strategic decisions. On the other hand, directors who are individual contributors (ICs) spend most of their days building PowerPoint decks and analyzing data, but have little input on actual strategy. You'd be surprised to learn that even directors often can't make basic financial decisions without needing approval. The result is a leadership team that's more focused on politics and presentations than driving real business outcomes