No, actually these owners don't know how to do that at all. They were there when Steve Jobs got fired, same institutional geniuses. They just got lucky Jobs managed to get himself back in the company by having made the needed OS at NeXT.
If you truly believe institutional investors know how to run innovative companies, you need to read a lot more, or just live a few more years, because it's the most fact-free statement you could make. Yes, the goal of Apple management is to make money, but it is also to keep short-term Wall Street thinking away from them as far as possible, because it would ruin the company, and already nearly did.
I don't think that institutional investors know haw to run innovative companies. That is why they are in the investment business - because they know haw to do that better.
And in the investment biz, you make money by investing in companies like Apple, appointing a wise BOD, who do things like, among other things, hiring management who know how to run a company in a manner which is likely to produce the maximum total profits.