I'm curious, what does it take for upper management to be replaced? How badly do they have to screw up? Considering the state of the company, the bar seems to be set really, really, really low. Imagine if one of us made mistakes at the frequency and magnitude of those on top, how long would it take before we were kicked to the curb? A week? A day?
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If the shareholders and board make money, they keep their jobs as long as they want
They probably have dirt on each other. You scratch my back I scratch yours type of arrangement.
They love having slaves
As long as the top 10% of this company makes their money the other 90% can suffer through abusive work conditions, short staffings, and lay offs. The top 10% care nothing about this company at all and can't and won't look beyond the next deposit slip of their unwarrantedly huge bank accounts. Once the cash stops flowing in or the rates and bonuses lessen they will all bail leaving the problems they left to someone else. Look no further than what Shapiro did to The Hartford and Liberty Mutual. He descimated both companies to maximize the money and bottom line for him and his cronies and once there wasn't another nickel to s— out he was gone to repeat the process with other companies and we are living his filthy work.
They most likely have blackmail on each other.