Doesn't mean the management know anything about it, if they have outsourced their campaign management the Adwords company have probably just looked at competitors and targeting them all.
This is one reason you should bid on your own brand, un-intuitive as that may seem, your quality score will be much higher than theirs so it makes it uneconomic for them and their add will be below yours. Sure you take a small hit in terms of paying for what is organically 'yours' but it is better than losing what is 'rightfully yours' to a competitor.