Academia does tend to have a different value system, but it's a mistake to suggest that the one used by industry is better. It's just different.
Yes, in academics, professors X,Y and Z will usually try to get you to introduce their pet subjects in review. You also later find out that getting a paper approved has a lot to do with who you know (as opposed to what you know), and that getting the choice talks, collaborations and grants has a lot more to do with schmoozing and networking than anyone likes to admit. It's a social problem.
But you know what? That's life. Humans are fundamentally just a bunch of howler monkeys, flinging poo at the cage walls and trying to steal the shiny rock (or the girl) from the alpha. Put more than a few people together in any activity, and you'll get competition, preening, back-biting and politics.
In academics, powerful professors demand that you brown-nose and compete for favor; in industry, powerful rich people do the same. In academics, you find that most days are spent managing mundane chaos, with real research advancements happening only a few times a year; in industry, most of your time is spent appeasing people, reacting to short-term crises, and coordinating with your co-workers. When you really think about how chaotic humans are in groups, it's amazing that forward momentum happens at all.
Point is, I don't think it's fair to imply that "interesting" scientists migrate to industry because of some fundamental difference in values. Personally, I made the migration because the monetary up-side is much better in industry. Otherwise, I think the bullshit-to-accomplishment ratio is roughly the same.