[viccis]

This is true. I've also found that there are perverse incentives when it comes to (especially upper) management. Building up enough political clout in your organization that aren't answerable to many people, and managing your image among the few you are answerable to, is the best skill one can have if the outcome is steady long term employment. Providing value to your company and coworkers doesn't correlate as much with surviving corporate haircuts like these.