> There's no reason a company has to be like that.

Law. Board and CEO have fiduciary duty towards shareholders.

That doesn't mean what you think it means.

Management has to act in shareholders' best interests especially when those conflict with their own.

That's not the same thing as shareholders above workers (or anyone else for that matter).

If you search fiduciary duty on just this site you'll find hundreds of replies dating back years refuting your point.