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It’s not the “corporations” as this abstract entity that are focusing on shareholder value as a top priority.

It’s the C Suite members, and it’s the board members... it’s a small group of people at the top who are trying to enrich themselves at the expense of the company and at the expense of the people who actually run the company.

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Yes that is most definitely true. The intent isn't for your company to go spiraling down into bankruptcy. The problem is these bourgeoisie types at the top don't change even after getting bailout money. Why the hell are we rewarding the people who maintain a company culture of "Well if we go bankrupt, we'll just ask the government for money cause they can't afford for us to go out of business!"

It's a load of crap that this is even a concept if the government cannot get involved at that point.

under the guise of enriching the company through stock growth

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