Obviously, there's room for nuance and it's not just one or the other.
I'm under the impression that an increase in company value is not an end to itself, it's a means to an end (more investment, more dividends, higher sell-off/buy-off price, increased stock price, etc - all are more probable when company valuation increases).
So why are you looking to increase your company's value?
Granted, this also disincentives societally beneficial efficiency increases.
I wonder how much of this backlash is just a result of people being propagandized to by the media’s steady drumbeat about corporate abuses since the GFC.
Texaco dumped a bunch of waste in the Amazon and refused to clean it up or pay for it. Why is this not surprising to anybody? Oh, right, because we all know that this sort of thing happens all the goddamned time.