A lot of people about the top care more about their position and the power it represents rather than what it actually means for the company. Yeah, they are egomaniac children, most of the time.
Nice reference, I did not know it.
"The people who control institutions care first and foremost about their power within the institution rather than the power of the institution itself. Thus, they would rather the institution 'fail' while they remain in power within the institution than for the institution to 'succeed' if that requires them to lose power within the institution.
I like the reference to Milton as well : "It is better to rule in Hell than to serve in Heaven."