That may have worked in the past. Management ruled by fear and people stayed because they were afraid of losing their jobs. Now everyone is slowly overcoming fear because there are many other options.
So maybe it's high time they stopped managing in such a disgusting way, because soon there will be no one here to do the work. I quit after many years here after the last episode with the manager. He looked surprised that I was leaving. I don't think they should be surprised anymore.