You are closer to the truth :)
they are not simply paid to do nothing. They are paid to do dirty work.
They are paid to justify decisions executives have already made. It's often referred to as due diligence, but in practice these reports mostly just allow executives to tell the board it wasn't their fault if it goes wrong.
alt Hacker News
They are paid to justify decisions executives have already made. It's often referred to as due diligence, but in practice these reports mostly just allow executives to tell the board it wasn't their fault if it goes wrong.