Yes. And this is where it gets sociopathic. Large companies will hire "good" managers to make people feel they make a difference, that they are being heard, and that the company gives a shit. But of course, this is business as usual. Worker satisfaction is just a number on a spreadsheet that execs in a room move up and down with pirks, with corporate philosophy, with company events, and with dangling carrots.
This isn't to say it isn't important. It is, and that is why they will spend time and money on it. But if, say, the cash is low, these are things that go, and rightfully so if it's to stay in business.
And the kicker is, the guys that run the show, the guys that start businesses and come to work with a mission, the guys everyone seems to want to be -- they don't need anything. They're already as motivated as can be, take on all the responsibility, and even sign the checks to pay everyone AND pay for the things they believe they will make them happy.
And this truly is the paradox. There is nothing cushy about an executive job, especially at a tech company. And I'd say never at a startup. It's cut throat as fuck. If you can't deliver, you're out. You should be out. Everyone is watching you, and everyone will complain. But you have no one to complain to. Having someone to complain to, having excuses, these are all pirks.
But if you can deliver, then you have professional freedom and high reward, at least in a capitalist economy. Then you get to make life cushy for yourself if that is what you desire.