Bingo! It's the Principal Agent Problem. People focus too much on why companies do X and companies do Y, it's bad in the long term. The long term doesn't exist.

Bingo! It's the Principal Agent Problem. People focus too much on why companies do X and companies do Y, it's bad in the long term. The long term doesn't exist. No decision maker at these public companies gives a rat's ass about "the long term", because their goal is to parasitize from the company and fly off to another host before the damage they did becomes apparent. And they are very good at it: it's literally all they do. It's their entire profession.