There is another factor you don't write about above. For nearly all public companies, the managers are as responsible to their shareholders as politicians are responsible to their constituents, i.e., not at all.
They lie and cheat: they routinely make short-term deals in their personal interests that are directly contrary to those they are supposed to be accountable to. The CEO has absolute control until the next shareholder meeting, and if they get a personal payoff they may not give a hot about the company's best interests.
There is another factor you don't write about above. For nearly all public companies, the managers are as responsible to their shareholders as politicians are responsible to their constituents, i.e., not at all.
They lie and cheat: they routinely make short-term deals in their personal interests that are directly contrary to those they are supposed to be accountable to. The CEO has absolute control until the next shareholder meeting, and if they get a personal payoff they may not give a hot about the company's best interests.