> With the traditional public company - with few exceptions - decisions are made only by the board and the execs. In a public company, ownership and management

> With the traditional public company - with few exceptions - decisions are made only by the board and the execs. In a public company, ownership and management are separated, for a good reason. You want to be able to own a company, without necessarily being involved in its management. Otherwise, you're severely limiting the number of companies people can invest in and preventing the owners from having other jobs, or you end up with a bunch of amateurs managing the company in their spare time.