Right, but if you say something essential in a meeting with 10 people and it has to percolate through five levels of management to reach the front-lines and gets watered down, that could be much more lost, even millions.
Scale cuts both ways.
What matters isn't how big the meeting is, it's how important the material is, and how well presented it is.
I don't think I've ever heard a top leader say anything essential in such a meeting. The stuff they work on is not related to my job at all. It's all gartner level strategy stuff. In our company they do take time talking about it in large calls but it's always boring and never relevant. And a lot of political spin you have to poke through to see the real message.
If I ever attend it just put it on mute and look at the slides while I do some real work. That way my attendance gets registered and it doesn't stress me out later with too much stuff left hanging.
That percolation is also translation of what they say to things that are relevant at my level. Like what we will be working on next year, if there's going to be bonus or job losses.
I couldn't give a crap about the company's strategy as a whole and that's not my job anyway. Why should I. I'm not here because I believe in some holy mission. I just wanna do something I like and get paid.