The Essence of the Financing Market and Investment Market

The core difference lies in who actually holds the power to make things happen. If the boss has the final say and the sale price is compelling enough, they’ll find a way to sell and cash out for early retirement. But if professional managers are in control, they’ll do everything possible to inflate the market price and block any sale—because as long as the company stays independent, their salary keeps flowing.

That’s precisely why the West brought in professional managers to run companies.