To be fair, they mention "financial engineering" but your point is fair in that they write of this is as if it was a mistake rather than a result of well-financed operations that would buy companies and squeeze them for assets unless the company drained, subcontracted and so-forth itself.

Yeah, unless one gives a full picture of this environment, that this is how investment works today, all the exposes in the world wind-up just someone crying over their beer about "back in my day, they cared about quality".