If an organisation is constantly retrenching experienced staff and cutting corners to increase earnings rather than being driven by engineering first, it doesn't matter what the engineers do amongst themselves. This culture, in fact, rewards engineers doing a bad job.
I confess to a selection bias, because I won't work at a company that doesn't behave that way. Life is too short for that BS. However, that I maintain employment at the expected pay rates while doing so indicates that there are a lot of companies who don't behave the way you describe.
All that said, I certainly don't deny that there are also a lot of companies who do behave as you describe.
Any company that does engineering "well" likely has slower growth and a smaller PE multiple.
Consequently, you don't hear about it nearly as much as the splashy, full-financial-speed-ahead companies.
Tl;dr - don't buy products or services from companies with high valuation stock prices... they're making that profit somewhere