You're right. Big companies will not tolerate their managers trashing companies they've worked for. It's unprofessional and reflects badly on them. Chip better hope his boss doesn't find out about this or it will be pink slips come Friday.
nugget is right the company is making good steps in the right direction. You have to have patience with turnarounds. They can be big winners but it can take years. If you cant stand the heat get out of the kitchen I suppose.