4 ms·
> I wonder if a for profit corporation with zero shareholders can be made possible. I wonder what would happen if AT&T and Verizon can be run in a similar way (
by gherkin0 11y ago
> I wonder if a for profit corporation with zero shareholders can be made possible. I wonder what would happen if AT&T and Verizon can be run in a similar way (with better executives of course).
A mutual company is probably the closest thing you'll find to that (basically a company where you become a shareholder when you become a customer). I'm not sure how well that structure would work for a company like Mozilla, which has a weak relationship to its "customers," but I think it's work a short for large utility-like organizations like telcom companies.
http://www.investopedia.com/terms/m/mutualcompany.asp http://www.investopedia.com/terms/m/mutualcompany.asp
- yuhong 11y agoThat is not what I mean. Obviously such a corporation would have a board of directors but no shareholders at all (including no dividends and control rights), just like Mozilla as described in the comment.