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Shareholders literally own the company and thus hold all the strings. Your point regarding business = people stands though

• atq2119 4y ago
  > Shareholders literally own the company and thus hold all the strings. This implication doesn't have to be true though - it's a political choice. There are (well developed) countries in which worker representatives have a significant amount of board vote shares by law, usually applicable to companies beyond a certain size.
  • FredPret 4y ago
    As a shareholder, I’d never vote to continue employee-unfriendly policies in a knowledge work company. There are too many shareholders that merely rubberstamp the decisions that come up at AGMs.
  • rmah 4y ago
    My understanding is that in those nations, non-shareholders have board representation, not voting control. I.e. they have people on the board to hear what's discussed and give them a voice in deliberations, but no actual control. Is my understanding incorrect?