Well, opinions on this differ. However, corporations like this do exist, and study after study shows that this model is more productive. This one from 1995, just to name one, shows a 8%-14% increase in productivity: https://www.brookings.edu/wp-content/uploads/1995/01/1995_bpeamicro_craig.pdf …. Why this model is not the norm, one can
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About a year ago, 83% of outside investors voted to get rid of Facebook's dual-class share structure. I do believe it is a factor; however, it clearly is not the only one, and almost certainly not the strongest one. Again, I'm not aware of empirical studies on this, so it's hard.
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But they still all invested is the point. You would have an argument that it was a factor if there were lots of similar democratically-run companies with investors clamoring to have them become undemocratic. But no such thing has happened.
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