It feels more skewed for public companies for me. There's definitely "well off" small private companies that have good returns (mom and pop shops) and keep going and making their customers happy for decades, and those aren't an issue. There'll definitely be 'evil' private companies, but something about the stock market ruins companies. You are too dependent on the perception of your company and the markets reaction to it and your decisions. Investors do a lot of knee jerk selling. Meanwhile billionaires swoop in and purchase a chunk of your company at a discount.
Yeah I noticed any time original founders are replaced, companies degrade. The pride of running a good company just isn't there. That's not ALWAYS the case though. I have a relative who bought an AC repair company out, and made it into the amazing company that it is today.
It's not just about pride. Companies, artistic productions, projects of any kind...they require vision and focus. When the people in charge change, maintaining these becomes a challenge.
