Any job or work can eventually become frustrating. That's why its called a "job" or something your "work" for. Even if you work for the greatest company in the work with the best engineering driven "culture", there will be something that will hinder you due to business.

The only place I knew which didn't have any business pressure was the old Bell Labs. That's because of the AT&T was a monopoly and was allow a profit of 7%. That meant any expense can instantly be justified because no matter what AT&T would earn 7%.

End of the day, engineering is about compromises and tradeoffs. It's applied science. It's about being practical and sometimes that means we need to compromise on "quality". That's what makes good engineering culture. A product that ships and makes money is infinitely better than a product that doesn't ship. So, I don't think it's right to assume that the corporate approach is incorrect. In fact, it is better simply because once you get business involved, a lot of the decisions become impersonal.