Sounds like a spot-on assessment of Big Bleu. And be sure to check-out the article the author references from the Harvard Business Review too:
https://hbr.org/2017/05/managing-for-the-long-term#the-ceo-view-defending-a-good-company-from-bad-investors
https://www.bloomberg.com/view/articles/2017-05-04/toppling-the-idol-of-shareholder-value
"But the pendulum has swung too far, and today the ethos embodied by the phrase "maximizing shareholder value" does more harm than good. It has widened income inequality. It has rewarded short-term "make-the-quarter" thinking over long-term value creation. It is the reason companies take on too much debt and perform feats of useless — but stock-price enhancing — financial engineering. It explains why so few companies subsidize the local symphony or art museum anymore. It is why drug prices have risen so obscenely, why airlines have made flying such a miserable experience and why wages have remained stagnant even as profits have soared. When shareholders matter more than employees or customers or communities, some people do very well, but the purpose of a corporation becomes warped and society loses."