Believe it or not, there was a time, not too long ago, when a company was defined as a collection of employees and shareholders, rather than exclusively as a collection of shareholders as is the case today. Back then, the definition of what's best for a company included employee welfare as well as shareholder welfare. A company was considered successful if it generated employee wealth as well as shareholder wealth, rather than the exclusive focus on shareholder wealth which prevails today. Companies had planning horizons of decades, which you need in order to offer retirement pensions, which were also commonplace. At some point, all of that went out the window, and except for a few big winners, we are all the poorer for it.