Do you know what stank ranking even is and where it comes from? If you have to rate your group from 1 to 5, each individual, and you rate them all 4s and 5s, they crack down and force you to select a 2 and a 3 and only have one 5. Now, would you prefer a CFO, CTO or even a project manager be the one to do it? It's a weird comment.
Again, as an older manager today, I can see myself in my 20s in the resistance and stubbornness to 'how corporations work' espoused in comments like yours. I sympathize, but I warn you against being naive and ideological, because unfortunately human groups be human groups, and organizations for better or for worse behave in predictable patterns. You might as well know as much as possible so you can deal with it better.