Yeah pretty much, I don't see much going on with many of these high status women (and men) other than their network. Especially when their actual performance doesn't speak volumes.
I'm reminded of the chimps who outperformed the stock markets: https://www.ft.com/content/abd15744-9793-11e2-b7ef-00144feab... of course replacing the cocaine bill with grapes dramatically lowers your running costs.