These stories are as old as the hills, and there's a good reason for it. Basic human nature hasn't changed in a millennium and we need cautionary tales to remind us of that fact even in our "modern" world.
A modern version might sound like "Several hard working employees are recruited by a poisonous boss for a difficult project. After carrying the boss through the worst of the project, and within sight of the goal, the boss terminates the employees. The boss is able to leap to safety from the backs of the drowning employees and reap the rewards." Just saying...