Would you describe any company's actions under the light of "yeah they only did that because it lost money". That's not just something companies don't do; its illegal (for public companies).
Nitpick: it’s not illegal to drive a company into the ground. It’s illegal to lie to your shareholders about doing so (it’s fraud). The “fiduciary duty” to shareholders is not a legal thing.
If I tell my shareholders that I’m gonna drive my company into the ground by laying off 90% of the staff, and they give me money, that’s not my problem.
If I tell my shareholders that I’m gonna drive my company into the ground by laying off 90% of the staff, and they give me money, that’s not my problem.