Earlier quoted context omitted.
I think it's fine to decide you don't want their jobs, but it's a mistake to frame it as "bullshit" which he does after the section you quote. Human nature isn't bullshit, and any endeavor which requires a large number of people to accomplish requires the management of human nature.
No, sitting in meetings all day, essentially accomplishing nothing really is bullshit. Granted, there are some super productive management teams out there, but the majority of time is spent dealing with nonsense politics, and having meetings to schedule meetings. Stereotypes have basis in reality.
Why else would they exist?