Yes, many companies are ran like that, and they all end up the same way as Maxim. The few that are still about show that good management is the difference between success and failure, but one issue in gaming is that a lot of management have no idea what the hell they are doing, and fewer have the charisma needed to push an idea or concept to senior folks.

EA is the management of Maxis.  Or was, until they decided they were no longer worth keeping open.  They made the game the way it turned out on purpose.  Maxis was a part of EA for 18 years.  By that point, I am sure their cultures were completely intertwined.  While I am sure not everyone working on the games agreed, the leadership of EA certainly did.  EA had complete control of Maxis, and now they decided to shut them down.

EA has been pulling the same anti-consumer moves with all of their games for years.  This wasn't something Maxis decided to do on their own.  I am not sure why you are so intent at blaming Maxis for something EA has been pursuing with all of their studios.