Comment by AmericanChopper

I can’t believe that somebody could write a whole book based on such a contrived premise. Shareholders don’t control a company? They do, they control who sits on the board, and the board controls the company. Shareholders aren’t entitled to a company’s profits? They’re entitled to its dividends, if they think the company isn’t paying enough dividends they can elect a new board. Shareholders don’t own a company? They own its profits and they control its decision making. Some semantic of the word “own” is pointless. You could argue that shareholders don’t often exert this control against incumbent management, but that is only because management most often respect shareholder primacy. When shareholders invest their savings in public companies they’re trusting them to grow those savings. If you’re not operating in the interest of shareholders, then your public company will not survive long.