[evgen]

I guess I would assume that it produces better outcomes from the company perspective but honestly can't think of a good counter-example to use as a comparison. After enduring the hazing it is much easier to convince you to do things that might be a bit morally questionable (e.g. shifting your personal ethical Overton window) by reminding you in subtle ways of what you endured to reach this point, what it means to others that have endured with you, etc.

I would assume that in certain adversarial environments it is better to have a small team that will focus on a goal without question than one in which either the goal or the means to accomplish it are ever up for questioning, but someone with any knowledge of academic research on leadership and team dynamics can probably answer better than I.

[goatinaboat]

it is much easier to convince you to do things that might be a bit morally questionable (e.g. shifting your personal ethical Overton window

Same reason that executives like to go to strip clubs together, it creates a sense of “if I go down you go down with me”.