> Or the owners will fire the executives, or shareholder groups might vote for takeovers that offer greater returns. It's worth emphasizing this point because

> Or the owners will fire the executives, or shareholder groups might vote for takeovers that offer greater returns. It's worth emphasizing this point because it's a common misconception. Companies don't have a legal obligation to grow - they have a legal obligation to do what their investors want. But being publicly traded virtually gaurentees that your company is owned by people who want it grow or will be owned by people who want it to grow.