It 'can'(strong emphasis) also give the manager a sense of importance and power or control through micro-management. The key is that the manager should be able to realise when the stand-up is not needed or has done its job on a particular day and end the meeting early, or adjust frequency based on how everything is progressing. That is the manager should side-line the ego and put the function of the meeting over their own feelings of control or power.
Last year’s numbers, today’s goal, what needed to go out, etc.
I always wondered what they thought I could do about the numbers. People are either coming to buy stuff or they are not.
It's not common on any other line of work... well, except for software development, that is almost universally single-shift, non-operational, and some people insist has exactly the same needs as overseeing patients in a hospital.
For something like software, being produced by ICs or even pairs, a fixed daily meeting is much more likely (at least in my experience) to become a ceremony[1] over time even if it is occasionally or initially beneficial.
[1] was wanting to find a link but could not. I'm using this word in the sense that Tom DeMarco used it in Peopleware.
Useless because you personally think it's a waste of your time, or you're above it? Definitely ego, it's not all about you.
Useless because it's poorly executed or mismanaged? Perhaps not. Things are always able to be improved.