Well there you have it!
What you have is a whole bunch of board members, executives and chairman that entered the stratosphere some time back now.
The trouble with living in the stratosphere is they know no different before very long and the forget what life is like back on planet Earth.
Here is a simple rule, IF a company shows this type of behaviour then they are providing proof that they do not deserve these higher echolons. They become rigid and unbending and do more harm than good to both the economy and the companies the are straddled over. This means they will also harm the staff too.
It is inevitible and a lesson to be learned in future. Lessons need to be taken from these events and I do not meant pick and choose. what lessons you want to to learn! Learn them all!