Having talked with lots of people in industry and academia, the worst stories are from academia.
Intuitive speculation...
An industry CEO with clinical ego problems can eventually grow an org chart of enablers and twisted culture enforcers, and might've even managed to stack the board, and might escape investor revolt for a long time. But the employees can usually leave without throwing away the careers in which they've invested their lives, know they have rights, can probably afford consulting a lawyer, etc.
Now contrast that industry situation with a (bad) university environment that similarly feels superior, and that it shouldn't be subject to outside rules, but additionally the abused often can't just leave, nor defend themselves: grad students, postdocs, tenure-track early-career needing support of the entrenched, poverty-level adjuncts needing the reference towards a full-time job, high percentage of foreign students on visa, underpaid support staff who took the job for discounted tuition for their children, etc.