No, they're beholden to their corporate charter and board. Shareholders who own voting stock can usually vote on who sits on the board. The shareholder and stoc

No, they're beholden to their corporate charter and board. Shareholders who own voting stock can usually vote on who sits on the board. The shareholder and stock price primacy myth is just that, a myth. Stock price is a part of a public companies responsibilities, but there are many other priorities and responsibilities a company's charter and board can set. Personally I only want to have stock in companies with a vision. Ultimately they tend to become the most valuable in terms of stock price too.