I think you can probably substitute many other company names in for VistaJet in your post.
Not all companies may be as bad as you say VJ is, but it is unfortunately a short sighted and ultimately unsuccessful management style.
A good example of the complete opposite style of mamagement would be Sothwestern in the USA, apparently they treat their workforce really well and guess what, the workforce works really hard in return and they post excellent profits.
Funny that, shame all these highly educated and over paid managers cant see that!