Even better, I noticed that meetings forced people to change their behaviour. They would "work to the meetings" meaning they would orient their efforts in order to be able to contribute in the meeting. Sometimes that meant holding back good ideas till the meeting and other times it meant working specifically on an area just to show it off in a meeting. I think this has a lot to do with the extrovert/introvert argument. The introverts in the office were already worried about the meeting itself so they had to over prepare in order to not be anxious about it. This was a totally foreign concept to the more extroverted in the office.
I personally think the majority of meetings helped management types feel more connected with what's going on, especially if they were mostly disconnected the rest of the time, and for the people involved they ended up being almost always just a waste of time.