For the concept has undertones more at home in the medieval era than the modern era. It harkens back to a time when lords owned serfs, or England owned India. The corporation is a thing that can be owned. Thus one group of humans owns another group of humans. The owners are masters, and all others are subordinate.
Stockholder needs alone are important, while employee and community needs are unimportant.
Thus it can be broken apart, sold, squeezed dry, or shut down, as though it is nothing more than an object. These are antique ideas, worth discarding rather than resurrecting.