Point of information: it's not owned by the directors, it's owned by the investors, the shareholders, just like every other private company.

It's still a weird sanctioned monopoly. More places should get over their fear of public ownership.

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raxxorraxor 3 days ago | parent [-]

Public ownership can be extremely detrimental, I think it is even worse than state ownership by a few margins. Especially for setting long term goals required for infrastructure. There are investors for that as well, but they are rare and an exception.

I evade working directly for publicly traded companies like hell or let myself be paid very, very generously. Most often your time will be limited in the first place. Better to be employed as a freelancer in that case.

	▲	nitwit005 2 days ago \| parent \| next [-]
		My power company has the state guaranteeing a monopoly, effectively sets prices, sets safety standards, approves new construction, requires every home be connected to the grid, etc. Throwing out the corporate management will probably save money simply because they're pointless middle men. They aren't making the decisions that truly matter.
	▲	Yokolos 2 days ago \| parent \| prev \| next [-]
		I'm very confused. Public and state ownership are the exact same thing. Public ownership is not the same thing as being publicly traded.
	▲	ETH_start 3 days ago \| parent \| prev [-]
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