I don't think that is necessarily true. But if you are non-technical, you need people advising you that are technical and actually listen to their advice.
The problem with non-technical decision makers is that they will mostly listen to the MBAs who think like them and not the technical people. They tend to waste their time on stupid things to prop up their egos, compensating for lack of understanding of their business fundamentals and what direction to go in.
I wonder whether that is a more general problem. E.g., maybe technical decision-makers tend to listen to other engineers and not give enough considerations to financials and market expectations.