[kmeisthax]

Shareholder independence does not actually liberate you from caring about share price if you want to be a successful monopolist.

Google is not an innovative company and cannot launch anything that people actually want to use. What they do is buy things other people built and scale them up. And in order to do that, you need access to the capital markets so you can borrow money[0] to buy other companies. Those loans are collateralized against the company that took out the loan, and if the company's value goes down, your credit limit goes down.

The only way to actually liberate companies from these forces is not to turn the company from a shareholder oligarchy into a founder dictatorship, but to restrict M&A so that the competitive pressures of "monopolize or die" subside.

[0] You could self-finance M&A but most businesses don't like to do that because it ties up cash flow.