Here's an article that also concludes something that I've observed: accolades go to people who don't seem to deserve them. I liked the reference to the Presidential Medal of Freedom: didn't a former PM of ours get that one? Love the company he's in. I also liked the rocket scientist comment.
Anyway, I always get bemused by architectural awards, which seem to go to buildings that are plain ugly to the general passer-by, and often hopeless for those labouring inside.
Also business awards, which seem to go to entrepreneurs or companies that go down in flames a few years after.
Apart from that, not much.