Would you describe any company's actions under the light of "yeah they only did that because it lost money". That's not just something companies don't do; its illegal (for public companies).
Nitpick: it’s not illegal to drive a company into the ground. It’s illegal to lie to your shareholders about doing so (it’s fraud). The “fiduciary duty” to shareholders is not a legal thing.
If I tell my shareholders that I’m gonna drive my company into the ground by laying off 90% of the staff, and they give me money, that’s not my problem.
Would you describe any company's actions under the light of "yeah they only did that because it lost money". That's not just something companies don't do; its illegal (for public companies).