Earlier quoted context omitted.
No, you just need a boss you can trust. You need to not be a clock puncher of an employee. You need to be present (in an office) for these conversations to happen. This sort of thing still goes on all the time. If your not part of it your either in "Giant Corp" or the wrong company, or you have the wrong boss, or you are the wrong person.
I’ve had (and honored) plenty of those types of conversations with subordinates I’ve never met in person in any of a number of global offices. Physical presence isn’t a prerequisite for being a good boss or worker.
It is much harder to get to that level of trust when you cant break bread, when you cant read all the body language. In person does make some things easier... One week a month of hot desking can do a lot for teams.