Yes. It doesn't deserve nicer terms. I've seen companies destroyed, careers destroyed and armies of consultants make off with people's livelihoods on a false promise.

For ref, I've migrated to the side of thing where I get pulled in (Harry Tuttle style) to sort companies out after they've been pillaged by these asshats.

So of course, you'll never see the Agile/Scrum implementations that are successful.

But a good question is who and why brought those asshats?

senior management, of course

Exactly that. The department which is not immune to marketing and is immune to rational thinking.