I admit I haven’t been in any of the mustash twirling meetings. They probably happen, but I have also been in the room with engineers and PMs discussing solving problems with analytics attribution to user.

Given the structure of hierarchical orgs, both can (and likely are) true.

Moustache-twirler A: We've identified these metrics that correlate with increased shareholder value

Moustache-twirler B: But what do those metrics say about user privacy?

(both laugh. This is very funny)

MT A: no but really, fire any PMs that don't make these go up and let the survivors figure out why

MT B: sounds great. See you at golf this weekend

(some time later, in a less fancy conference room)

Engineer: This new feature is great, but could be construed as an invasion of privacy. Can we make it opt-in?

PM (panicking): Oh good heavens, no! Also send the opt-out button to the UX team, that way it doesn't come down on us.

It is because when you get your attention fixed to the execution level you miss the strategic.