What are some typical examples of “academic politics” that professors face in academia?

Does academic politics mainly affect younger professors?

I’ve seen the term “academic politics” come up in some past questions on this site, but I realize that I don’t actually know what it means – I just know that it is something that can cause students to quit PhD programs and professors to leave academia.

(I kept the question specific to STEM fields of research at U.S. universities, just in case my question would be too broad without it.)

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