> I would not say that this is "smart"... You might get people to accept offers but if the work environment is bad they'll leave so the end result is just to increase turnover and to trash the company's reputation (which will make hiring more difficult).

They can kick the can down the road and make money.

IBM coasted on its reputation for decades and even now it's a big company and still respected in many arenas.

Reputational damage is hyper overrated.

The average individual doesn't have the time or inclination to do research.