Trust is in short supply. People claim to be transparent, but most CEOs rate their confidence at reading the company at 75%, while employees rated at 20%.
Transparency is oddly murky.
The layers of bureaucracy and hierarchy establish a system, where there is a “speed of truth,” moving through the company. If you could calculate the time until the truth can penetrate to a CEO, perhaps a blunt and honest comment made by an underling where it heard and accepted, you would find that most companies have a terrible problem with transparency and truth.
This is further confounded by everyone, claiming to be transparent, which they must to maintain their job.