He graciously stepped aside, helping his successor get started. He was offered the leadership of a major division of the company. Quite a step down. Rather than allowing himself to be come bitter or discouraged, he took the new position with energy and gusto. His respect grew significantly within the company, and others observed him overcome adversity and serve the company rather than himself.
Position is good, necessary and valued.
But every position is temporary. Loss of position is inevitable. Only the timing's in question. So it's a mistake to let position define who we are. Ask God to give you a proper perspective on the importance of your job.