You can argue that the corporate executives have expertise and knowledge that allows them to commit the funds they control to higher-return projects than are available in the stock market. Or you can argue that they are corrupt empire-builders who dissipate a portion of the shareholders’ money that they control.
你可能会认为公司的高管们有能力和知识将他们所掌控的资金投入比股市回报更高的项目中。或者你会认为他们是一群腐败的帝国建造者，浪费了手中属于股东们的一部分资金。