But it gets less mandatory the more layers up you go. If I get an email from an SVP that is CC: the entire division saying everyone should go to a meeting I will almost certainly be able to ascertain the contents of that meeting in 10 seconds from someone else who did attend

Surely your boss notices your non-attendance.

If it's actually really mandatory, my manager will probably also relay that directly to me. And that resets the count for "less mandatory the more layers up you go".

Starting to wonder if some people who complain about all day meetings just don’t realize they are optional.