Agree MC, their management skills start and end with accountancy principles. When they are cruising in calm waters they are percieved to be doing well and hire more managers like themselves to make progress while everything is good, but once they steer into a bit of turbulence all they know is to start jettisoning the load starting from the bottom. They don't even know what capsizing from being top heavy means as it's not taught in the modern schools of management for obvious reasons.
These people think they can solve problems by simply throwing more managers at it.