In my experience the problem is usually it's hard to quantify the costs. It's easy for managers to tell themselves engineers are just perfectionists. Someone's bonus might depend on not listening and they probably won't be held accountable when something goes wrong.
Financial debt reduces profit, which slows expansion and reinvestment.
Technical debt does the same, but slows novel development or expansion of the system.
If they can't code or aren't from a top N business school, they have no place managing engineers.
Most management classes are really glorified accounting. Staring at budget and spreadsheet trying to cut costs.