Management is also much more than _just_ delegating (of course), and I think I'd be pretty clear the difference between a good manager and a bullshitting manager, unless the higher ups are easily fooled in the ways the article describes.
Personally, I've seen a lot of this kind of behaviour, and I thought the article pretty much nailed it. Tangentially related to the highly cynical Gervais Principle: http://www.makingitanywhere.com/escape-your-job/