A) Forming cross company cliques (a lot of C suite is ex consultant and they scratch each others' backs).
B) ego stroking and typical sales ("this executive is a visionary who must be furnished with top quality steak and strippers")
C) Letting you know on the sly what their other customers are doing that seems to be working.
D) Providing industrial grade ass cover for decisions that the C suite want to make but are afraid to make by themselves (like layoffs).