Football is a cut throat business, i imagine their board, players and many fans think they have a better chance of staying up with someone else in charge given their horrendous run of form. I think many other clubs would have done the same if in a similar position. It's really bad form in terms of 'morals' but I can understand the decision.
I agree to an extent mate, but there's a 3rd of the season left, don't you think Ranieri earned himself the chance to try and sort it? Unless it's the players who aren't playing for him - in which case makes Ranieri staying useless and everybody slating them right.
Get cold feet and sack him, or scumbag two-faced senior players, either way it's wrong what they did.