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The very idea of working remotely seems strange to most people until they consider how much time at traditional workplaces is spent working purely through computers. If 50 percent of your interaction with coworkers is online, perhaps through e-mail and web browsers, you're not far from what WordPress.com does.
Since location is irrelevant, Automattic, the company that runs WordPress.com, can hire the best talent in the world, wherever they are.
Product creators are the true talent of any corporation, especially one claiming to bet on innovation. The other roles don't create products and should be there to serve those who do. A classic betrayal of this idea is when the IT department dictates to creatives what equipment they can use. If one group has to be inefficient, it should be the support group, not the creatives. If the supporting roles, including management, dominate, the quality of products can only suffer.
If the people in a meeting think it's a waste of time, then either they're the wrong people or what's being discussed is not important enough to justify a meeting.