My SIL is a highly paid psychiatrist in Denver area. They work somehow in conjunction with one of the larger schools up there.
Recently their department won several "awards" and we went to the ceremony where she won some stuff and she gave a lengthy speech.
Now, on one hand such things are good for employee morale.
But what I really noticed was people who exist, live, work and breathe in an echo chamber. They all think they're smart and they all think they're "helping" but they just sit around in a VERY expensive, palatial building and tell each other they're very smart and very helpful. Meanwhile, I believe very little of that translates to the outside world.