Uhh, this might be a language difference - here the term "public" company usually means a company that's majorly owned by a government. Companies owned by priv

Uhh, this might be a language difference - here the term "public" company usually means a company that's majorly owned by a government. Companies owned by private individuals (whether they're publicly traded on a stock market or not) are usually referred to as "private". So that's what I meant - a company not controlled by a government and has no accountability beyond its private owners.