I disagree that shareholder value is a curse. I recommend The Visible Hand by Alfred D. Chandler Jr. who noted that over the last century there has been a shift from family-managed businesses to managerial-management which has more loyalty to themselves and abstract owners of the company, creating these kind of effects wherein a subsection of the managerial class can hop and skip through executive management irrespective of the tire fire they leave behind. Or, similarly, the churn and burn of certain speculators seeking immediate gain through capturing the business’s organizational structure to serve its own, as mentioned, selfish ends. Contrast this to the historical need for going to public markets, which is to quickly raise funding to continue to scale the scope of a business firm’s productive assets :)