> All employees and investors could have had as much liquidity as they desired. Not necessarily. Investors see employees as a cost, necessary evil, nuisance. T

> All employees and investors could have had as much liquidity as they desired. Not necessarily. Investors see employees as a cost, necessary evil, nuisance. There would be a strong push for layoffs and maximisation of profit. Some investors could even try for asset stripping and extract as much value as possible in the short term to fund their other investments. It is very much universal, once company does IPO it basically turns into cr*p.