My little 2 cents:
We have to look at history to understand the present and to formulate plans for the future.
MAS, to be fair to the "bungling management" has never had a chance to actually go out there as a business entity and chart its own course.
They have always carried the flag. Which is not a bad thing!
If profits alone was the agenda, then it would have been run different.
Now the situation is a little different. The world of aviation has become more "down to earth" and many businessmen are in the business of low cost carriers.
Low cost, lending the benefit of choice to the customer at lower fares. The structure of these companies as well would have to reflect "low cost".
MAS on the other hand, has led the way in this industry not only in the country but also internationally. Structurally it was not wrong to assume that this was also an "employment creator". It was also the training ground for many people who are now with AA.
Don't hit on MAS
without understanding the genesis of aviation in Malaysia, on the same note, I am not saying that this company has not rested too long on its laurels.