You're not taking into account that "deliver more" isn't an infinite type of thing that can happen. There is a threshold with market/product fit where "more" doesn't mean more revenue and benefit to shareholders.

I think this is something all companies struggle with: at some point you may achieve product/market maturity but the people that could determine this are fundamentally in conflict with ever communicating this because they or their peers would be out of work at that employer. In my opinion, this is when internal politics start to become more prevalent because its human nature to protect your well being/source of money.