(This is one of a series of Software Engineering Maxims Which May or May Not Be True, developed over the last few years of working at Google. Your mileage may vary. Use only as directed. Past performance is not a predictor of future results. Etc.)
When one first transitions from being an individual contributor software engineer to being a manager, there is a decision to be made: whether to stop doing work as an individual contributor and focus entirely on the new role in guiding the team, or to keep doing IC work as well as management.
There are definitely incentives to focus entirely on management: one can have a much bigger impact via effective use of a team than by one’s own effort alone. When a new manager makes that choice, they get a couple of really good years. They have more time to plan, more time to strategize, and the team carries it all out.
The danger in this path comes later: one forgets how hard things really are. One forgets how long things take. The plans and strategies become less effective because they no longer reflect reality.
Software managers need to continue do engineering work, at least a little, to stay grounded in reality.