That's a requirement to achieve that level of corporate control. And that's what shareholders require.

The only CEOs that seem to avoid that are founders that accidentally created systems/products that people like, and that keep the company private so they aren't beholden to shareholders. There aren't many, but a good current example would probably be GabeN. Yeah he's got the whole billionaire yacht stuff down, but the employees seem to like working there, they have an extremely loyal userbase, and one of the most efficiently profitable companies on the planet, generating about $50M per worker.