No, "Evil" fits
First off: I do not agree with nking that the corporation may be evil, even though no one in it does evil. It is quite true that each of the people involved only does a little evil, and the vector sum of all those little evils adds up to a noticeable one.
That being said, the things people are being taught to do in business, explicity in MBA programs and by example elsewhere, constitute precisely those little evils whose sum generates horror. The notion that a corporation exists only to make money, and "provide shareholder value", is not only evil -- it's simply wrong, from a philosophical and even a legal standpoint.
A corporation cannot exist without willing cooperation from the State -- the Government, if you will. The people who found and operate the corporation want something; that "something" is financial immunity from losses. The essence of a corporation is that its investors cannot lose more than their investment if the corporation fails; it thus differs from other forms of financial organization in that the other forms have no such limitation on liability. This protection is absolutely necessary, because the function of the corporation is to assemble sufficient capital to do something big from the small driblets of capital available to each of its investors; and the bulk of the capital must come from very small contributions, because there aren't enough "rich" people to collect sufficient contributions from. See the work of the Peruvian economist called Hernando de Soto.
But the State, the Government, must get something in return for extending this privilege. What it got, for many years, was taxes; the structure necessary for collecting a sufficiency of taxes from umpteen small pools didn't exist, so the corporation, which had that structure as a needed part of its operations, took in money, and the government got a cut. That way the government didn't need the bureaucracy neccessary to collect taxes in penny packets. (It could also fool the people into thinking it was collecting less taxes than it was, because they could point with pride to "soaking the rich corporations" and get plenty of support. The other advantage was, and is, that the Government could tax people it didn't rule; anyone who pays, say, Nestle for a chocolate bar, is supporting the Swiss government.)
Nowadays the Government has the bureaucratic structure necessary to collect taxes in small amounts and amalgamate them, so the tax advantages of the corporation are less except for the sleight of hand aspect. But, especially in a government "of the people", it is perfectly reasonable for Government to enact regulations controlling the behavior of the people running corporations, and for the basis of those regulations to be something other than the direct interests of the people involved in the corporation. And that is what we're missing. Something must be done to inform the people running corporations that showing a profit is not the end-all and be-all of the system, and something must be done to slow down the trading system so that it becomes less easy to generate huge fortunes in virtual money by keeping balls in the air.
What those things might be, I don't know. [I have some suggestions (-;] But if you focus on "evil corporations" or "rich corporations", you're missing the point. It's the behavior of people we need to address, and letting the existence of the corporation serve as a shield against the consequences of misbehavior does nothing to discourage the misbehavior itself; rather the contrary, in fact.
Regards,
Ric