I've never seen this, but some corporate events have been close. We always had some shitty "ice breakers" like a scavenger hunt, or some kind of teamwork exercise where your team gets a bag full of tennis balls and you have to build something with them, etc. All in all they're bad enough as it is - adding something like this would likely lead to a mutiny resulting in a corporate coup or mass exodus.
Sadly I used to work for them 20 year ago and this same video was used back then. Some things never change. I can't believe people want to still have this garbage at their events. Looking at the video, you can judge how the owners must be.