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Yup, good ol' vulture capitalism.
Make a corpse, pick its bones, and fly away to the next meal.
Shareholders 'in on it' can make a tidy profit too, so they don't care that their new CEO or owner or w/e has track records likes these. 'What's that? You killed the last five companies you bought?' Eyes bulge with looney toons dollar signs.
What more amazing is that people can look at this system and say "look buddy, you don't have to like it, but capitalism just works, unlike your gommunism bullshit."
Even liberal economists complain that this business model produces no value and should be discouraged. But capitalism machine goes brrr, I guess.