Some Boomers are incredibly cynical, and they're the ones who end up in charge of organizations whose legal purpose is to "maximize shareholder value." (They're also attracted to any place where loose money is shaking around.) When they're in charge, they set an example of self-indulgent authoritarianism and promote the careers of underlings who will facilitate that. Governance (boards of directors, etc.) is also in the hands of Boomers, and will continue to be so for the next 5-10 years (assuming average Boomer birth year 1950).
My strong hunch is that the ushering in of the recent Third Turning helped to usher in an ethos of things like "maximizing shareholder value" (at least in many corporations/businesses), part of a "new" culture that was embraced by many but not all Boomers — and at least to some extent by many Silents and even some G.I.'s who were still around. Everybody could now get a credit card; the TV became saturated with infomercials on how to "live the American Dream" and get the income you are entitled to; and on top of that, there was now going to be a mortgage for just about everyone. As Boomers in the recent Third Turning were now rising to middle-management and even some senior-management positions, I can see how the mood of the times helped to entice many Boomers, and even some Silents, who had particularly narcissistic tendencies to leave a mark within organizations. (Think of the 1980s savings-and-loan crisis, even though there were many Silents still around to bring forth many prosecutions for all the fraud committed.)
As such, I think that the mood of the times helped to promote narcissistic cads in many instances; then, as Generation-X Nomads began to enter workplaces, their nihilism and opportunism gave the process a powerful thrust, especially considering that the X'ers frequently were/are analytical doers, shot-through, again, with amoral nihilism and opportunism (and yes, who could mentor and control Boomers' actions in many cases). Once it all got to this stage, you had a toxic organizational culture in many organizations — and which also now provided maximal opportunity for cads and "butt-coverers" of any generation (especially for those who happened to be able to take on significant positions, including production-oriented ones, in such organizations).
Just some further synthesis and ideas here....Thanks, JR, and well as others, for the further valuable insights. —Best regards, Marc