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No. of Recommendations: 4
Maybe so, but the bigger corps are traded on the markets. Their primary responsibility is to shareholders.

Only some of them. I think that we use 'corporation' as a shorthand for 'big commercial for-profit business entities,' but it's worth remembering that this doesn't entirely capture the breadth of corporate entities in the U.S. - which encompass a lot more than just companies like Honeywell or Caterpillar. The Sierra Club is a corporation. So are the NAACP, the Bill and Melinda Gates Foundation, the Metropolitan Museum of Art, Doctors Without Borders, Harvard University, the City of Miami, and the New York Times. Corporations can be set up to do anything.

Albaby
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