My issue is that people take the idea that “bad PR” can actually be good for a company (which is common knowledge these days) and just stop there. They don’t go a step further and contemplate where the phrase applies, where it doesn’t, and what makes those situations different. They just bend over backwards and try to figure out the way it applies in every situation (even if in reality, it doesn’t). It’s that line of thinking that I find annoying.

I think the phrase has outlived its usefulness. Nowadays when I see it used it’s often in exactly the kind of extreme or overly literal way you yourself criticize.