Managers come in with the backing of banks and hedge fund stock owners. They focus solely on short term profit using outsourcing, cheaper inputs, etc., transferring tech to foreign or other competitors, ruining the company's long term prospects.
They get big pay and bonuses and the banks and hedge funds get big returns. The stock becomes a "buy" and the managers, banks and hedge funds sell to the rubes (you, me, pension funds, etc.). Then the company goes bankrupt or limps along. The managers, banks and hedge funds move on to strip-mine another company.
It's all a sophisticated variation on the pump and dump. The "Wolf of Wall Street" with a better wardrobe.
The US is caught between the Scylla of Communism and the Charybdis of crony capitalism.
Well stated and clever reference to Greek Mythology, aptly applied.