They're annoying companies to work at, yes. They're also highly profitable, so it's difficult to make the case that they're poorly run.
Granted, that kind of situation is unlikely to continue indefinitely, but it certainly can happen.
Companies in industries where you can print money (for a while...) usually haven't actually been put under any duress, so any fool can manage them and look like a genius. It's in hard times that you discover whether you're a good manager or not, when the decisions made in good times come home to roost.
But in my opinion the worship of money and reduction of everything to being solely a dollar maximizer is one of the biggest problems that humanity has at the moment - it is a reduction in purpose by the blind and greedy.
My definition of a well run company is one that is still profitable, but has happy employees who are maximizing their potential and growth. Who is a good tax paying entity so that it contributes back to the society that is supporting it. Is making a healthy return for its shareholders despite all of this, and is not doing anything evil like producing toxic chemicals, harming vulnerable people or polluting the environment.
Is it idealistic? Yes of course it is. Our collective description of greatness should be to aim at perfection so that even falling short of it is still excellent.
Saying it must be well run because its profitable makes me sick, because that line of thinking feeds unrestrained greed, and is exactly the reason our state of capitalism is so unbalanced and full of greed right now.
And then seperatly, we are talking about the definition of "well run companies" and I was putting forward my definition of one, which is what we are talking about in this thread.