I think one of the saddest thing is that the kind of person who would recognize, "we can solve this seemingly complicated problem by just applying this formula", would often have trouble even getting recognized in many corporate environments. I managed a guy like that. He was capable of very complex thinking, but he wasn't in love with complexity, he was in love with simplicity. His solutions tended to be of the form…
How is that sad? A disruptive competitor will come along and eat their lunch. Creative destruction is the natural order of things. Ideally the badly managed organization will eventually be liquidated, thus freeing up resources for more productive activities.
E.g. Experian, Transunion and their ilk are unlikely to be eaten as lunch soon.
Apologies to the good engineers and managers in those orgs!