3 ms·
private companies are still accountable to their shareholders. But I do think that the very public number of share price encourages slightly different behavior
by smabie 6y ago
private companies are still accountable to their shareholders. But I do think that the very public number of share price encourages slightly different behavior than a private, illiquid, and probably out of date number
- stjohnswarts 6y agoYeah not sure what the poster is trying to say here. Both distinctions almost invevitably result in doing anything that is legal to maximize profits (and oftentimes illegal or gray at best). However I haven't seen anyone propose a decent alternative to corporation status for such large entities. The other option is state owned and that is almost always an utter failure. Even China allows their "state owned" businesses a lot of leeway to account for the ups and downs of capitalism and market forces.