I think it's less mind-reading than looking for a sociological explanation.

That said, I think a big underlying cause is that Business Idiots [1] are, in fact, idiots. Even so, it's worth looking for a sociological explanation of why Being An Idiot doesn't hurt Business Idiots like it would hurt the rest of us.

[1]: https://www.wheresyoured.at/the-era-of-the-business-idiot/