It's down to the age of the business. I have the following hypothesis:
<5 years = sensible
5-10 years = JIRA incursion, agile factions
>10 years = Project manager and bureaucrat hostile incursion
I quite like the latter if you're working from home. You can get a LOT done on shit you actually care about when you're on conference calls just as part of a faction to make it look bigger against another corporate faction.
And for some reason this is valued and rewarded more than ROI generation tasks. We are truly fucked as a species.