... and may have a charter or mission, or even an established culture which sets guiding principles.
Various forms of legal power (ownership, right to collectively bargain, fiduciary/oversight responsibility, first rights to assets on liquidation), social power, market power (price negotiation), and individual intention (everyone, even bankers make decisions based on something other than just money) form, a kind of dynamic equilibrium.
So a company is going to end up being or doing whatever the combined weighted intentions of those forces imply.
It's not 'shareholders' that can do anything willy nilly. Sometimes customers have all of the power and indirectly dictate everything. Inversely maybe buyers do: Apple is a dictator to many of its suppliers. Sometimes Unions run the show or have incredible influence (auto industry, government), sometimes the debtors. Sometimes the 'CEO' particularly a founder even without 'majority shares' has considerably more influence than anyone else, with the board afraid to replace them.
A non-profit is almost the same minus shareholders.
1) Shareholders 2) Debt-holders and financiers 3) Executives 4) Suppliers 5) Customers 6) Staff
... and may have a charter or mission, or even an established culture which sets guiding principles.
Various forms of legal power (ownership, right to collectively bargain, fiduciary/oversight responsibility, first rights to assets on liquidation), social power, market power (price negotiation), and individual intention (everyone, even bankers make decisions based on something other than just money) form, a kind of dynamic equilibrium.
So a company is going to end up being or doing whatever the combined weighted intentions of those forces imply.
It's not 'shareholders' that can do anything willy nilly. Sometimes customers have all of the power and indirectly dictate everything. Inversely maybe buyers do: Apple is a dictator to many of its suppliers. Sometimes Unions run the show or have incredible influence (auto industry, government), sometimes the debtors. Sometimes the 'CEO' particularly a founder even without 'majority shares' has considerably more influence than anyone else, with the board afraid to replace them.
A non-profit is almost the same minus shareholders.