Good answer. It's all about incentives. I'm not sure I totally agree, but it's a reasonable answer.

To answer your problem in the last paragraph, we should recognize that the world is moving much faster now, and so 20 years for a patent in tech is ridiculously long. Even more ridiculous is 95-year-long copyrights. Those should revert to 14 years like they originally were.

That doesn't let you do something specifically for a mismanaged company, but I'm not sure there's much you can do under anything like our current legal system.

Also, it doesn't do anything about domain names, but those aren't exactly IP, are they? IP is patents, copyrights, trademarks, and trade secrets. Domain names can be related to a trademark, but they aren't exactly the same.

When examining patent and copyright system, it is instructive to examine the history of these systems in question.

You say that 20 years is too long, and that five years is more reasonable in today's environment. But you haven't exactly examined the abuse of patents in historical example.

For example, James Watt was just one of many inventors who worked on the steam engine, and he was himself stymied by at least one patent he couldn't use until its expiration. His competitors similarly just wait for his patents to expire before they could release their own inventions.

That suggests to me that patents have bad incentive early on.