True, but you should be more cynical. When push comes to shove, every famous court case between management and owners has gone the same way: management wins, owners lose (meaning when owners wanted to turn back a management decision, courts refused to do it, or when asked to actually pin that responsibility CxOs always whine about on them, financially)

Why is management paid so much? Because they can make the argument "give me more, or I'll destroy the company", and actually be believable.

THAT is why it's so critical for CxOs to be aligned with owners' interests.