Technically public still means you act in the interests of the owners, aka shareholders (at least in germany anything else is illegal), it’s just that naturally that will always be profit for the majority.
It’s clear from context that he was discussing publicly-traded companies because, like you said, there basically are no public companies in the US. Your post is unnecessary and pedantic.
Those top level folks are sometimes “incentived” by bottom line targets and other end targets. So sure, you do get greedy people inside private companies.
I don’t think shareholders driving for infinite profit is easily disregarded.
I mean yes, but also no. I work at a private company and profits seem to be the only thing to get anyone with a title to move their ass.
Most Directors or below have their teams, or customers, or the product front of mind. But once you get to VP seats they just… don’t, it seems.
And this is super anecdotal, I know, but… basically my point is private vs public doesn’t necessarily mean anything.
This guy is just a good guy. He knows what matters to people and speaks from his heart, not his wallet.
Thats either because your boss privately wants to hoard wealth, or is trying to set the books up for a clean sell.
Public means you sacrifice everything in the name of profit.
Private means you operate on the ideals of the private owners.
A private owner can have ideals of profit. A public company cannot have idealistic shareholders.
Technically public still means you act in the interests of the owners, aka shareholders (at least in germany anything else is illegal), it’s just that naturally that will always be profit for the majority.
Publicly traded, aka private property, means you operate on the ideals of private owners, sacrificing everything in the name of profit.
Publicly owned means almost the opposite, but almost nothing is publicly owned in the US at this point.
Private property ≠ personal property.
I dont think you responded to the right comment, Im talking about the difference between types of companies, not property.
It’s clear from context that he was discussing publicly-traded companies because, like you said, there basically are no public companies in the US. Your post is unnecessary and pedantic.
Those top level folks are sometimes “incentived” by bottom line targets and other end targets. So sure, you do get greedy people inside private companies.
I don’t think shareholders driving for infinite profit is easily disregarded.