Yes, 100% agree! I've seen such a thing, taken to an extreme where lazy, underskilled developers were running the show; overcomplicating, underdelivering, yet

Yes, 100% agree! I've seen such a thing, taken to an extreme where lazy, underskilled developers were running the show; overcomplicating, underdelivering, yet showered with praise -- and it's horrible to witness. A word of warning for anyone entering such a world: you will not change this environment and any attempts to do so will trigger an immune system response. The developers and clueless managers will circle the wagons in defense of the existing culture. Lesson learned: don't interfere with "resume-driven development" organizations. I suggest the following interview question: "Tell me about the technical capability of your management chain."