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No. Owning stock in a Fortune 500 company generally doesn't even give you a vote, because those are "privileged" shares, or even a share in the profits of the
by RobGR 16y ago
No. Owning stock in a Fortune 500 company generally doesn't even give you a vote, because those are "privileged" shares, or even a share in the profits of the business (dividend).
Even in the case of a smaller company, operating according to how joint stock companies are theoretically supposed to operate, this would generally not be legal. The board and officers have a fiduciary responsibility to all the shareholders, and they are not supposed to do something that benefits one shareholders other interests while costing the others through inefficiency.
In a system where all investors where roughly equal, the loss from cheating company the one company should roughly equal the benefit of the other, and crime would not happen often.