That's often not the case in larger businesses, though: if the business does well, the boss wins (bonuses, stock options); if it does badly, the boss also wins (eased out with a golden parachute). In that case the owner still shoulders the risk, but that owner (the stockholders) is too diffuse and hands-off to really be functioning as a boss, so the company is de-facto run by an executive management that gets a lot of pay while not shouldering much risk.

I can see people getting a stuck-in-a-machine-with-a-stacked-deck feeling at a lot of large companies, because many sort of are giant, dysfunctional, bureaucratic machines. Coupled to that, many people see working for a large corporation as their only practical option.