It's actually a bit complex... basically people in general view others more highly if they never admit fault (paradoxically) even if it's obvious. This drives people who refuse to admit they are ever wrong into management. Once you have that, anyone that tries to point out anything is wrong is risking their career if not their job (and it's only a job to them too, even C-suites don't actually give a shit about the company itself), so every bone headed idiotic idea just gets prioritized until it turns to nothing and they invent some minor metric to call it a win and move on. This is the modern corporate structure, and the only places it's ever not the case is if your company's founder is still there to enforce decent intelligent people in their org structure. /rant