I worked for a Fortune 50 for six years while building my business on the side. It was interesting for the first few years, then got old fast. There are two huge problems every big company has:
1. Communication Overhead - the more people you have to work with, the percentage of time you spend communicating with others vs. getting actual work done rises geometrically until it approaches 100%. You know you're getting there when you start having meetings to prepare for other meetings.
2. Bureaucracy - managers are on the hook for other people delivering things they may not understand and don't directly control, all while dealing with massive uncertainty. That's why there's so much bureaucracy - things like Gantt charts make managers feel better by creating the illusion of certainty and control, even though they mostly make things worse by reducing flexibility and speed.
If you enjoy (and are good at) playing politics, big companies will be a good fit for you - that's what you'll spend most of your time doing every day. If you like spending most of your time creating useful things, don't work for a big company.
(I recognize and agree with what you describe. Just my spin on a nutshell perspective.)
Holding a meeting keeps a paper trail of your attempts to solve a problem and dilutes responsibility across all those involved. Hence, despite the fact that all participants likely sit within ten metres of each other a meeting will still be scheduled: complete with calendar invites, hour-length time blocks (as less would not look like the issue is being given sufficient credence) and the scheduling of follow-up meetings.
Additionally, enterprise projects do not consist of harmonious teams. Each team is akin to a project of its own: each with its own corporate structure, politics, budgets, risks and resources. I recently had a manager from one team demand I attend dual hour-long meetings per day for her team. I politely declined, stating that to do so my team would require an additional resource to cover this gap. This did not ingratiate me.
How would you organize e.g. Google to prevent it from growing to politics driven company like Microsoft seems to be (based on the recent Kin stories)? Or is it inevitable that big human organizations become these inefficient borgs after a certain size?
If you keep the company limited to producers (engineers, doctors, scientiests, etc) and kick out anybody who isn't producing (in the event that somebody took the job to make a paycheck, rather than because they like to produce), and you should be fine.