At my work they are necessary. I'm... I guess middle management, you'd say (supervisor in a shop). Our work changes from day to day, nobody doing the same thing from one day to the next, so there's an upper and middle management brief where they outline all the work for the day, assign tasks to specific shops, give general information to be passed along (upcoming events and reminders), then I take that to my shop to assign individual tasks from our shop's workload.
So I attend two of those daily meetings a day (about 5-10 min each) but they are definitely necessary for us.