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Neither engineers not execs really make decisions to be good or evil. They implement the will of major shareholders who actually run the company. Satya Nadella has maybe 100s of millions, while the capitalization of MS is 1 trillion. This means that Satya isn't the decision maker. Only in small companies CEO and the owner is the same person.

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this is complete nonsense that denies the factual agency these people absolutely have.

This is plain truth, not nonsense. You can go and start a corporation any time. If it appears successful, you need to hire a CEO and a bunch of other people. At that time you'll own nearly all preferred shares that give control. Despite CEO will get maybe 5% and will run the company, according to laws, preferreds will give you a final say in everything and you can fire that CEO at any time. This is even more true with big execs: they hold nowhere near 5%.

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