There are other types who prefer the power trip, or that if you're a bad manager then your job is pretty easy, etc. But GOOD execs actually do care quite a lot. I tend to tangle with HR over salaries because I'd rather hire a handful of really good people for 15% above market and get double the productivity than a lot of people at or below market.
This article is confusing the corporate raider mindset rampant in big public companies with the genuine growth mindset most companies actually have. Everyone focuses on productivity and costs, enshittification only happens when you're near enough of a monopoly you can afford to squeeze your customers. Most companies can't do that and most companies try to just keep improving. Don't look at MS or Exxon and think that's who most companies actually work. That's just the beginning of the end stage of a megacorporation's life.