Almost all 'leaders' in corporate are completely clueless. There are gatekeepers who 'manage' access to the leaders. Nobody can meet with the leaders. Every meeting with the leader is controlled by these gatekeepers. They decide who will be allowed in a meeting. And what they will present. The powerpoints will be carefully crafted to make everything a success story, the numbers massaged to show some growth of something desirable, decline of something undesirable and wins and applauds all around. Every failure is a massive success. The small number of people who are allowed in these meetings are handpicked. The gatekeeping org is full of extremely incompetent loyal lackeys who call themselves experts at executive communications, budgeting, forecasting, data analytics, etc; grant themselves high titles, more pay than engineering roles.
The gatekeepers keep exceptionally good relationships with other gatekeeping orgs. Even if there is something incredibly bad in the other org, they craft a narrative and make it sound like a success story and there is something on the roadmap to improve. It is critically important for gatekeepers to keep this 'success' story because gatekeepers hire each other. Nobody else can hire them.
These gatekeepers also create endless bureaucracy, hire LOTS of extreme clueless people who don't understand anything, but make high level decisions on things they don't have any clue about. Think about a dog making decisions on whether to fund cancer research vs more dog treats or chasing cars. Also, they create a LOT of systems and broken process that require their approvals. Broken processes helps empire building and also keeps them in power. Anybody who needs anything done has to reach out to them directly and they escalate within the org to get it done. Then the person owes them a favor. A working process takes power away from them.
The level of cluelessness of leaders is unbelievable. The gatekeepers constantly say we need to dumb things down. This is unfathomable, because the gatekeepers themselves are headless chickens. All the leaders want is pretty ppts (and eliminate trigger works, every leader has a list of trigger words or their own arcane vocabulary that they want to use), some like bento boxes, some like sankey charts and some leaders who have seen other people ppts ask the gatekeepers that they like that specific slide from that meeting, can we have a chart like that?
Source: I am an engineer now working in a gatekeeping org (in a mega corp).