Who Owns a Company and What Does It Mean?
Generally, share holders own a company.As you may know, the process is as following.Share holders own the company's stocks. They are entitled to vote for some kinds of decision including the selection of the board members.But the reality is that their impact for making decision is too slim.Just only a few dominant share holders have a big influence.Besides, most of the proposals on the general meeting of stockholders are almost fixed.Let's take the selection of the executives in Sony for example. Mr. Idei appointed Mr. Stringer as his successor.This decision was widely announced and became the accomplished fact.Ok then, I'm one of shareholders. Even if I insist that Arnold Schwarzenegger should be the CEO, it's impossible to change the decision.