[mmcconnell1618]

This is a direct outgrowth of the Shareholder Primacy theory which is what many MBA students are taught. A business has many stakeholders and obligations and at some points in the past, employees and community were valued in balance with shareholders. Corporations provided pensions and acted for the good of the community in addition to making a profit for shareholders.

Once you embrace that your primary reason to exist is to enrich shareholders, everything lines up under the CFO. CEO pay packages are now typically weighted to incentivize the CEO to maximize shareholder value too because so much of their compensation is in stock. https://en.wikipedia.org/wiki/Shareholder_primacy#:~:text=Sh....