I was there when it hummed, and I was there when it failed. This is a gross mischaracterization (of an extremely complex failure) that owes its appeal to a simple and familiar explanation: greed / optimizing for shareholder returns.
I'd love to dish, but there is no simple and salacious story to tell, and it's too soon to talk about it anyway as far as I am concerned (and I imagine their lawyers agree). I do think the emergence of high-margin software companies as providers of mostly high-pay, low-stress jobs (and thus magnets for sharp and motivated engineers or aspiring engineers) was one of many contributing factors. I'd tell you how process engineers in the most critical areas used to work, but you'd never believe me.