I think you have it backwards. CEOs can cook the books far easier if they are not a public company. Meanwhile, in China: https://www.reuters.com/article/us-chin

I think you have it backwards. CEOs can cook the books far easier if they are not a public company. Meanwhile, in China: https://www.reuters.com/article/us-china-anbang-regulation/china-seizes-control-of-anbang-insurance-as-chairman-prosecuted-idUSKCN1G7076 https://www.reuters.com/article/us-china-anbang-regulation/c... The reason that companies are not going public as quickly is because they aren’t making money, not because they are making too much money.