Who Actually Owns Corporations, Anyway?
According to elementary students of economics and Wall Street financiers alike, the answer to this question is as simple as it is intuitive: the shareholders. The standard narrative goes like this: a share is a “piece of a company.” Accordingly, the holders of those shares are the company’s collective owners. Shareholder ownership explains why an army of retail investors coordinating trades on Reddit could claim they “owned a piece” of the struggling video game retailer GameStop and why Warren Buffet is as certain he “owns” companies as varied as GEICO and Dairy Queen as less wealthy Americans are certain they own the gadgets in their kitchen.