Do publically traded companies cause more harm than good nowadays?

[Newest Reality]

1. To me,

it is a matter of who owns the controlling shares and how they, in effect "own" the corporation in a way that the corporate veil allows them to act without liability and yet enrich themselves.

The corporation has become a means to retain power, control and influence while expanding corporate influence and shadowing the underlying elitist, almost royal echelons of our stratified, classist culture allowing for a facade of democracy and an largely illusory sense of representation. Corporate law has changed and mutated over the years and as we see, attained "person hood" even though it is, in itself a soulless ghost that veils and protects the 1%. One wonders when we will be compelled to vote for "corporate persons" rather than their paid-for, revolving door puppets?

The public part is the other portion which reminds me of a gambling parlor where the right people get the right tips at the right time. The rest play at their own risk and are subject to factors to which they are not privy.

As long as profit is the sole motive of the corporate charter and is required exclusively by law, then what should we expect other than it being a means to amass money, influence and power while shunning responsibility, loyalty and compassion for individuals, lifeforms, people and the viable state of the planet?

If we were to add some sort of an incentive, (like megalithic corporations would allow it) that pits profits against a some sort of benefit/detriment factor, (to environment, communities, flora, fauna, etc.) then, perhaps the profit motive would become less fatal to life, the commons, liberty, privacy, and a host of other issues.