Yes, it's about reminding us that they have the whip hand. I have a theory that the rise of similar loyalty rituals like sprint planning and standups sprung up

Yes, it's about reminding us that they have the whip hand. I have a theory that the rise of similar loyalty rituals like sprint planning and standups sprung up in the vacuum created by the now-extinct one of handing out paychecks every other Friday. Nothing says "We determine how well your family eats this week, and don't forget it." like the boss literally walking around with a box of checks.