Speaking as one who has actually gotten laid at a company party, how can I not love them ?
It all depends. I’ve been at parties where the beer ran like water (and the women ran like hell), where the teambuilding included rappelling, archery contests and raftbuilding and bets were made as to whose boss would last the longest on the mechanical bull.
Unfortunately, lately I’ve been at parties where the “teambuilding” consisted of jigsaw puzzles and the like, and where the programmed events ran until 22:00. Obviously, I and most of the other techies raided the bar instead, but still - while the party didn’t actually fizzle on the ramp, it certainly didn’t get to orbit either.
Of course, a European company can throw a fun party and not risk getting sued when drunk idiots perform their acts of drunk idiocy. 