4 ms·
This is just plain wrong, you have major misconceptions about how publicly owned companies work.
by mwfunk 10y ago
This is just plain wrong, you have major misconceptions about how publicly owned companies work.
- dpark 10y agoThanks for the detailed rebuttal. What exactly was "just plain wrong" about what I said?
- adventured 10y agoThe parent comment isn't wrong. Apple can't take itself private unto itself, there must be a human owner or owners that own all of Apple stock as a private corporation. Apple could team up with JP Morgan, Silver Lake Partners, and a dozen other firms to take itself private however, and they along with a likely small class of shareholders would own the private corporation (eg perhaps Tim Cook and Laurene Jobs would would choose to retain their large positions). There is no possible scenario under which a corporation can exist and continue to exist indefinitely in any of the 50 US states without a human owner somewhere in the chain, even if said owner is buried under a dozen shell companies.