It used to be that the goal of a company was to compete in a market and gain value through performance in that market over the long term.

In the 1990s, several CEOs, including Jack Welch, realized how exactly things work. Namely, most shares are held by retirement and pension plans who employ entire companies' worth of people to find a way to diversify and hedge, and the reporting period for their earnings is 90 days. You had major chunks of corporate capital held by people who couldn't really care less about anything other than the line going up, and any way to do so within three months was valid.

Once a company has achieved a certain market position, the long-term and non-financial aspects of holding shares (pride in the company, an interest in the market they competed in, etc.) are unimportant, and the customer's opinion stops mattering as much. You can assume that enough customers will stay around through sheer inertia no matter what you do, and that includes breaking up the company and selling it for scrap.

Since most shareholders aren't really attached to any one company's holdings, they plan for customers to leave when companies do anti-consumer things, and if a company is broken up, they just take the earnings per share on that break-up and plow it into something else that sounds like it'd be profitable.

You have to do business with people who are operating in a spot below that market position if you really want them to care about pleasing you as a customer.