Deleting
the source entry for a shortcut removes only the source entry. The
shortcut entries remain but have an invalid reference icon and
are not accessible.
Deleting a shortcut or a report or agent view removes only the selected entry and not the source entry. References from other entries no longer work.
You must have write permissions or set policy permissions for the entry you are attempting to delete. You must also have write and traverse permissions for the current folder.