Yes. I worked in the data org of a moderately sized financial firms tech org. The tech org claimed to be hugely data driven. Was in the org mottos and all of that.

Nonetheless, the CTO went on a multi-year, 10s of millions of dollars, huge data tech stack & staffing reorg shake up... with really zero data points explaining the driver, or what we would measure to determine it was successful.

So it became a self referential decision that we are successful by doing what he decided, and we are doing it because he decided it.