Profit First or Employee First?

I've read one of the reasons why Hurd of HP was ousted: http://www.zdnet.com/blog/btl/the-other-reason-hurd-got-ousted-discontent-among-hp-rank-and-file/37878?tag=mantle_skin;content

For me this is one of the biggest mistakes that a boss always do, not just a boss but a company; yeah you made the company's profit higher, so what? If people are unhappy with the way you treat them it will always backfire; I can still remember a boss like this; always looking at the profit side before the worker side, sigh