Oh my yes....it sounds VERY familiar. I work for an American agricultural equipment company (well, it is actually global, the parent company is Italian, but the two big manufacturing companies they bought out were American) and that style of management, top heavy and uncaring, too many meetings and not enough action, sounds way too familiar.

Plus they are outsourcing more and more stuff to India.
But hey, money is the bottom line, and if the Indians can do a piece of line art in half an hour for $2 and the American company charges $25 a piece and takes two days- tell me, who YOU gonna call?