Most likely the corporations will say "because that is much cheaper than developing our own; 10 of our devs on Linux an 99% of devs from other corporations are much cheaper than 1000 of our devs on our own OS". And the shareholders will likely accept that.
The key thing is that for most corporations that contribute to Linux, Linux is not the product (except Red Hat, SuSe etc). Google, Facebook, etc, just need a good OS to run their billions of servers on.
> so we can fork when their interests stop aligning with ours
You can fork but you likely cannot maintain Linux as-is. Where do the 1M hours/year come from? That's hard to do in free time.
That is also fine from the perspecitve of Free Software. The 4 freedoms do not include "the program must be maintainable with little enough manpower for people to do it in their free time, free of independence on corporate interests":
https://www.gnu.org/philosophy/free-sw.en.html#four-freedoms
The GPL is great in that it gives large power to users of the software, no matter if those users are corporate or personal, and even if the makers of the software are mostly corporations.