To my mind, the "misalignment" goes directly back to Smith. He failed to grasp the essential difference between a baker and, say, the Sarah Lee Corporation. A baker's purpose is to make bread (etc.). The purpose of Sarah Lee, Inc. is to make money.

I recently published an essay in Medium on how we can prevent the collapse of civilization as we know it (due to the looming ecological disaster) while preserving the level of material well-being we now enjoy. It involves a revolutionary approach to money. (It is a paradigm I have been developing for some time, not an off-the-cuff suggestion.)

Having read this essay, I can say that proposal would also--not surprisingly--solve the misalignment problem described in this essay. Corporations would no longer be a source of personal wealth--though CEO's could have the same level of material well-being they have today.

if curious: "To Preserve What We Have, What We Have Must Be Enough"