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Why the company is the property of the shareholders is an exploded myth?

April 26, 2017COMPANY exploded myth Property Shareholders

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Why the company is the property of the shareholders is an exploded myth?

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I think, The company is not only property of the shareholders but also of the society as well….if the company is assumed to be property of shareholdes then the company might go for some actions (which are not good for society) to maximize the shareholders wealth….. But i need some legal reference to support it…..and if i m wrong then i need some proof that i m wrong…. I wish u ppl will help me by providing lots of information regarding this subject….or by sharing our personal opinion with me…