I am leaving my current team, in part for this very reason. Senior technical people in the organisation don't value readable, understandable code, favouring 150 character one-liners instead. It's proven to be a very effective way of increasing the time taken for anybody except the author to debug issues. In my view, this has increased the perceived value of those responsible.

I'm sure that wasn't their ultimate intention but there's certainly no incentive to change!