"It is to create profits that benefit stock holders"
Exactly why they need to be abolished, or at least very highly constrained, their contracts to exist to come up for evaluation every year, as was the case at their origin, iirc.
When individuals' profits become more important that the vast majority of workers and homeowners and people and indeed the whole planet, it is time to stop the madness and start to establish truly important things above the wealth of the few.
I'm sure you'll agree with that sentiment, right Cog??