They can already do it now and they aren't. If you have to convince the board, the shareholders etc to take on a risk that has a high chance of failure, it has

They can already do it now and they aren't. If you have to convince the board, the shareholders etc to take on a risk that has a high chance of failure, it has even less chance of happening. If a person has enough control at a company so as to be able to unilaterally spend its money, its not much different than having the money yourself.