Watching recorded lectures would do the same though, but they weren't recorded. They had the capability, but the maths department decided that they didn't want to, which I think was silly at best, and discriminatory at worst (e.g. people with mental health issues might be unable to attend lectures, thus being put at an unfair disadvantage).
This was very much my experience too. My first foray to university was the traditional full time format. I really didn't get on well with the lectures - it felt too slow in some cases, too fleeting in others and beyond a few particular classes, not very illuminating at all. For what it's worth this was at Imperial so I guess a "top" uni.
In later life, I did a degree with the Open University which has no lectures at all (well almost, there's a few online and night schools but they are more like practicals than lectures). Instead it's all self-study from guidebooks and notes with regularly graded coursework which for many of the courses is a pre-requisite to pass the examinations. I greatly preferred the latter option and felt I had a much better understanding of the material.
It's been mentioned elsewhere on this thread, but audio/video recordings are a different ballgame all together for me. I actually really like lectures in that way. I guess it all boils down to the idea of tailored, self-service. I can review/pause/skip and repeat at my leisure.
Lectures can be asynchronous; rather than the teacher reinventing the wheel, let them assign students to watch the best lectures available online.
Reverse the current model, do most homework at school, and watch the lectures at home.
Meetings are equally pointless. Usually the most verbal people dominate the meeting. I've noticed how outspoken one is rarely correlated with critical thinking ability.
Meetings, on the other hand...
I managed to come near the top of my class this way with something like 5% attendance at lectures.
I expect this isn't the case in the top Universities, but I left my University thinking I could have just paid to take the exams and self-taught the rest of the material. In hindsight, I was really taking out huge loans for a few years of drinking, socialising and playing video games.
In the working world, I've found meetings to be similarly pointless. 95% of the time I'd rather hash out a problem on an email thread where thoughts are expressed clearly, re-read and understood by others in their own time.