This phenomenon started to take effect when companies moved into being managed by MBA folks without any role into making the companies happen in first place, the introduction of CEO and administrative board, and so on.

Usually this was never an issue when becoming the one at the driving wheel, was due scaling up the ladder all the way from the bottom, or having the luck of being in the owners' family already.

Disgustes me as well, above all the layoffs only to give the money to the "poor" shareholders.