Not "just like baseball". In baseball, you carry insurance on potentially bad contracts and there's always a likelihood you can swap out a bad contract to another team (see Kemp, Matt to Reds). Players don't suddenly get a new huge windfall when they fail and the team wants to dump them. They just get their remaining salary should the team have to eat that amount.
What you are applauding is a game that's only played by the 1% for the 1% and why the stock market is about the least useful gauge of the economy these days. Most BoDs couldn't care less about the welfare of their neighbors or humanity and the whole concept of quarterly reporting has proven time and again to be non-productive.
I love Yang's plan to institute a VAT. He's worth my switching party affiliation.