It is the reality of the situation in a vast amount of companies.

Only because we let them. I'm very much against auto-updating software, but I still don't see this as a good argument against them. It's not that companies can't keep up, it's that companies choose not to keep up. In this aspect, taking away their choice is the winning move, imo

The only thing you do by "taking away their choice" is to force them to use alternatives that are not Google Chrome.

I would argue that's a good thing