I take your point. But I don't see how diffusion is a problem; it's simply decentralization. I think the main problem is disengaged owners who think they can b

I take your point. But I don't see how diffusion is a problem; it's simply decentralization. I think the main problem is disengaged owners who think they can buy-and-forget. If every owner paid even a modicum of attention (even just skimming the annual report) and every owner voted their opinion, we'd see a much better corporate America after one single year.