Yep. Particularly at larger companies your immediate manager can often do little more than perhaps offer a mild pay raise or slightly alter working conditions.
I'm currently planning on leaving some time in the next couple of years (sticking around for family reasons in the near-term) because I've realized our business model isn't what I thought it was when I joined, and that engineering really is a cost center past a certain baseline, which explains the utterly mediocre equipment/procedures and lack of leadership/low morale. I'd rather work somewhere where engineering is a profit center. Nothing my immediate manager can do about that.