How are hierarchies related to status? How does one assert one's status over others?

When someone is in a position like CEO, Principal or president they are usually very proud of themselves and expect respect. When someone is in a lower ranking position they usually don't get as much respect but they might deserve it. People who have power are usually wealthy well off people and people who are well off and wealthy usually have or get power. Someone with a lot of power assert their status by using their status. Usually lines like "I out rank you," Or "I'm your boss." Usually come up here or there; once again having to do with power or status. If you think about it power and status are really the same thing or at least always go together. There's a thought for the day.