Well, yes, but also the critical attendees (people with something substantial to add) of the meeting aren't there on time, so the meeting cannot start on time, which leads to a culture where no one shows up on time. I was flummoxed yesterday when an SVP scheduled a large meeting and was the only critical attendee, and started exactly on time, within seconds. I showed up at the top of the hour + 49 seconds and missed at least 30 seconds of content.