You’re forgetting that in companies with the management properties you say are bad, those properties may cause actual value to be delivered faster, even if it’s

You’re forgetting that in companies with the management properties you say are bad, those properties may cause actual value to be delivered faster, even if it’s at long term cost. That value can accrue, gain interest, and that company can be more successful than the one with the management properties you say are bad. I think you’re conflating success of a company with the pleasure of its employees. These 2 factors are usually (not always) opposing not correlated.