This get me thinking: are Multinational Companies actually multinational? If their HQ is in one place and they have to operate globally either under jurisdictio

This get me thinking: are Multinational Companies actually multinational? If their HQ is in one place and they have to operate globally either under jurisdiction or under board pressures of that place, isn't it super dangerous for the people that buy into their "multinational" narrative and place their trust under the assumptions that infrastructure would only seldomly be biased? EDIT: "seldomly" should be "to a less extent"