SOPS, you know the answer but let me state the bleeding obvious.
Execs who have no funken idea beyond the short term bonus scheme and are prepared to throw the dice for a single win or lose bet, investors who just care about a potential profit on an asset split, a Board who don't really understand the business and employees who have been successfully divided and conquered by them all AND no process of accountability for anyone while the employees get thrown to the wolves seemingly outside of the law but with no recourse.
Now there is a potential scenario where the Execs have actually lost control of the business and will get out of it anyway they can to try and save face.
Then again I could be wrong.