实权

King is just a figurehead; it's the president who has the real power.

"国王仅仅是挂名的首脑,总统才真正握有实权。"

Adminisphere - The rarified organizational layers above the rank and file that makes decisions that are often profoundly inappropriate or irrelevant.

行政体/层，常犯错误的公司决策层，应该是指公司握有实权却没有多少能力的管理者。