Yes it does. And that's the problem with corporations and capitalism in general.
Corporation by design is supposed to do one thing and one thing only- earn money for shareholders. All other concerns basically do not exist. Corporations do not have morals, they cannot have morals, and yet they are legal persons. If you were to do a personality profile on corporate behaviour- you'll find they all act as maniac psychopats. Corporations will hapily pollute, externalize costs, screw up communities, bribe & corrupt as long as they can get away with it- and usually they can. If they cannot do it in the West, they'll find some poorer country and do it there.
While a corporation is small, you could argue that it follows moral standards of the founders. However, as soon as it gets bigger, it inevitably becomes evil. And that is because of the way we reward corporations and define their success. We don't consider a corporation successful because it cleaned something up or improved life, we say a corporation is successful because it earned record profits. Sometimes you can achieve both, but if people can be screwed over to improve profits, that will eventually happen.