I totally disagree.

College fraternities exist as a framework for social contracts between strangers alone in a college environment. Each member is incentivized to support/protect/uplift the other members (just like a family) as they will be able to expect it in return. You can somewhat make the argument for each chapter's national org, but I really don't think the incentives are really that out of line between them, Nationals just tend to be poorly run.

Companies, as the article discusses, don't.