Earlier quoted context omitted.
The rewards of which largely go to executives and shareholders, not rank-and-file employees? Sure, sounds like a business.
Who are “shareholders?” Pretty much anyone with a retirement plan or a pension. The majority of Americans own stock.
Not quite. 54% of the 135M American workers have a retirement plan.[1] That's 73M out of the ~250M American adults. Maybe you can call that the middle class. But point taken. To be less pithy, these individual shareholders have little power to sway governance, particularly if their stock is held in a managed fund. The rich, connected shareholders steer things, and it's not always in the interests of the company in the long term.
1. http://www.pensionrights.org/publications/statistic/how-many...