I worked for a guy like that once, long ago. He had ME fire a young clerical-level single mother - who was doing her job just fine - because of ‘cutbacks.’ As I was giving her her walking papers he got into the limo that took him to his private plane that flew him to his hacienda in Cabo San Lucas. Soon thereafter I quit.
I have a similar story. About 16 years ago, my company had its yearly "management meeting" at a luxury golf resort in Florida. There were hundreds of people in attendance. This thing had to have cost millions of dollars.
Of course, the meeting was essentially useless.
When I got back to my office, my boss told me to fire the girl we had just hired 2 months ago.
I’ll never “get” people like that and their priorities, and lack of connection to others whose lives they affect so dramatically. My incident was 35-40 years ago and I forgot one detail: when he (and his 3rd or 4th wife) got to his place in Cabo, they went fishing off his ocean-worthy fishing yacht (can’t remember the proper terminology).