I've seen very similar situations. My theory is it's because we have glorified assholes like steve jobs and every executive thinks they are the next jobs.
There are no negative consequences for screwing over employees.
There are no negative consequences for screwing over employees.
Probably depends on multiple factors such as size of local economy, how many similar employers are in an area, how big the potential hiring pool is, but word gets around. One consequence is you can struggle to hire, at least for a while.
Very much an intangible though.
A former employer of mine that is nowhere near Amazon success level has tons of horrible glass door reviews calling out the senior managers yet still people join.