Elementary, dear Whasisname
Look at it this way - when you boil it down to the essentials, bosses are paid what they are paid over and above the wages of those who actually earn the company the money, because of a superstition that being at the top of the heap, they can see what is happening, and can foresee the likely results of events, decisions, whatever.
Now you have a boss or group of bosses firing staff willy-nilly, and failing to understand their own businesses to the extent that this happens and their companies go under.
They haven't been paying attention. They have shown zero foresight. They have been paid on false pretenses. They have been guilty of fraud.
Maybe if this sort of argument was more widely understood, people would be more cautious ... but I doubt it.