A friend of mine used to be a management consultant for one of the big firms. On one memorable project she worked with senior executives of a large ($1b + revenue) non-tech company that had retained the consulting firm, to do an operational diagnostic. It became incredibly clear that many of these senior execs had never really read the company's financial statements in any detail, that they did not understand that the company was cash flow negative, and that they did not know that the company's debt load was increasing over time as it financed losses with bond issuances.

At the same time they were spending incredible amounts of money on luxurious office furniture and trappings.

Stories like this were common. Most managers knew their area, but did not learn about the business more broadly. (Could be selection bias with firms that hire management consultants!)

So, kudos to the engineers who read these and have a rough idea of their company's financial position and how the business works. It's not clear that this is the median experience.