Well put.
As much as people may try to do the right thing, human emotion comes in to it.
If you were on to a good thing, earning 1000's and 1000's a year doing not too much, you may be tempted to passively keep this going. And it is easy for management, since they are not actively lying. Lines like "reinvesting funds for growth" allow them to keep the status quo without appearing to be doing anything except be a good manager (who doesn't want growth?), except we all know who this benefits.
/rant
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