It does work in the short run, by the time the SHTF these people move on with tremendous riches.
The reason they use a short term management style is because, it’s all they know, it’s all they’ve been taught, it’s similar in many other industries.
A long-time successful company starts elevating people to management positions that do not know anything about the products the company makes, they strictly manage by the textbook and short-term profits.
A prime example is Apple Computer, at one time they fired one of the founders of the company and brought in a guy who was selling Pepsi to run a computer company, he proceeded to nearly bankrupt the company, to their credit Apple brought back the founder and he led a miraculous turn around, which is still going on.
The question with Boeing is how bad it will get, could they end up getting broken up and sold off because they are in for a world of trouble, if a couple more planes have structural issues and kill a bunch of people, Boeing will be forced to take some drastic actions.
The thing with MBA managers is the see their compensation terms incentivize short-term profits.
The game then becomes to get your stock options, cash out, and move on before your short-term thinking becomes evident.
Meanwhile, companies run by owners/founders have much more long range planning.
I was once at a place with a lot of turnover. The executive thinking became “why should I invest resources into something which only my successor will benefit from?”