Owned by the people

The CEO of a small listed company asked me, "Why was NTUC Income not a listed company? "

I gave this reply, "When I was the CEO, I resisted the listing of NTUC Income. I wanted it to remain a cooperative, so that it can work for the interest of its policyholders".

He gave this insightful reply, "I agree with you. In fact, some of our businesses should be owned by the people, for example, trains, buses and utilities. Right now, these businesses are owned by the shareholders. If the company makes too much profit, 5,000 shareholders are happy, but 2 million people are unhappy".