“A company is the property of the shareholders is an exploded myth”.?
Explanation with examples
True. Shareholders do not make informative decisions. For example, vote Dell had a shareholder meeting ( I went to one once within Texas)... when you are there, you might be ask to vote on something but honestly, you have no clue of the details. You end up voting base on what the executives tell you. The executives hold all the cards, not the shareholders.
A company IS the property of the shareholders.
It's not a myth.
Each share represents a portion of the company's net assets that the shareholder owns.
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