The real game is played at the board level and executives. The company itself is just a stage - nobody cares about the company in the long run - one can always incorporate another. The board and the executives care about the company as a mean to an end - to make money off it. How the money is made - it doesn't matter. Sometimes money is made by making product and selling it; sometimes money is made by selling out; sometimes by liquidating and golden parachutes.
A successful public company is that makes the board and the executives rich. Products, employment, etc. is just secondary effects, to make things look not too sociopathic.