Agree entirely re Asia, there doesn't seem to be much doubt that universally it beggars belief save in the minds of the Board, Execs and a few shareholders (so far).
Stupidity is one thing, but stupid acts often end in tears. It is how the architects of the original stupidity respond to those consequences that often (but not always I concede) lead to illegal acts as the desperation levels to hold their jobs increases. I have personally witnessed once corporate giants turn to entirely different beings in these situations.
This game is not over yet except for the staff who are being sacrificed for the folly.