That’s usually a big part of it. Typically people in these positions don’t interact closely, but may be competing for resources or promotions. You want to disco

That’s usually a big part of it. Typically people in these positions don’t interact closely, but may be competing for resources or promotions. You want to discourage a culture where people are trying to kill each other. Getting everyone together helps with that and takes people out of their daily context. For a company that prints money, sending everyone to some luxury resort is worth it. Where I work, we went to a local picnic grove and had barbecue for a day.