[janoc]

Keep in mind that those MBAs making these decisions are not going to be there to go down with the ship when that happens. They will collect their bonuses they got for increasing the short term profits, sell their vested equity and move on, leaving the wreck for someone else to deal with.

It is a perfectly reasonable and rational thing to do. They are not thinking in the same terms and caring about the same priorities.

We can discuss how reprehensible or short sighted that is but business is ultimately about making as much money in as short time as possible. And that is exactly what they are doing (and what they have been trained for in those MBA courses).