They give people false hope. That can happen once in a while but that's just not how it plays out in real life. This is what really happens: Even though the former superintendent quitted from his job, up to that moment he was successful while his bullied victim never made it on the top. The victim was traumatized for life and is just a normal worker struggling in life. Another example is former president Donald Trump. I read he used to be a school bully too.
I used to get socially bullied in middle school and none of those people turned out to be losers. They either have their own businesses, have kids or good jobs. I just started a small online bakery business not so long ago. In addition, my social skills is improving a bit. The constant bullyings delayed my development but I'm working towards improvement.