I agree. And a big reason for this, I believe, is that hiring managers hire based on likability, enthusiasm, and an applicant's degree (no matter what that degree is in) rather than on experience and intelligence.
So, the people who end up running things often have no real idea what they're doing, but, darn it, they're enthusiastic and likable! </sarcasm>
via 5 Ways Your Boss Is Killing Your Company Culture
"Less than a quarter of those surveyed feel that upper management truly has the best interests of most of their employees at heart, while less than half think that these executives are committed to the company's vision."