His stun isn't that reliable since it offers enough of a window to escape and its easily telegraph when he might use it. They're also more likely to dodge his abilities during it.
If veigar gets picked in draft usually the team will be way ahead of him and counter pick him (With meta picks like kassadin, ori, syndra, cassiopeia, and have communicated jungler assistance.. or just roam and ignore him.)
Overall everybody knows how to deal with him and how to make sure he doesn't get to do anything in proplay. Is the same reason why nasus has never seen much play, sure their late game is op, but a competitive team knows how to abuse their do nothing early and close the game.