It’s not just a stereotype it’s often their explicit job description! They get hired or promoted with a performance metric for juicing those metrics either as an expectation of the job or as a requirement for performance incentives and bonus pay…
This all of course tends to be set up by fellow MBAs higher up the corporate food chain and since everyone keeps personally profiting no one sees any reason to stop, all the dead and destroyed companies were accidents, bad decisions, acts of god, etc… never due to systemic misunderstanding of business management principles… because that might actually be something the shareholders could sue over, and no one wants that, at a primal subconscious level it’s unthinkable.
I think that corporate sponsorship of education needs of to be outlawed. We've had at least three generations of exponential feedback of antisocial principles dominating business education. Taking much longer to go hockey stick. MBAs can't keep resting on the laurels of bringing the first GI Bill gen from draft to serving technical competence to industrial relevance. For a start the foundation for the qualification is absolutely rooted in post war growth imperatives.
By the way, at some companies where you are sponsored to go there is a 90%+ acceptance rate of people into business school. It is effectively a 'backdoor' into MBA programs. They like them because the same companies come on campus to recruit and hire people back into their company. It's a nice circle to be inside, but locks others out.
Isn't that the stereotype? Join to juice some metric, jump ship while everything looks green, leave the mess to someone else