To be sure, on many issues the interests of corporate insiders overlap with those of investors, and here insiders can be expected to lobby in directions that are consistent with the interests of shareholders. But there are also important issues on which the interests of insiders and outside investors can sharply diverge.
为了进一步解释这点，我们看看个人是如何影响公司决策的。当公司决定支持特定一位政治人物时，或是想要传递某种信息，寻求何种政治情势，一般投资者是没有发言权的。相反的，这样的决定一般都是反映出公司管理层的倾向，而往往又是打着为股东牟利的旗号。那些接受公司献金的政客们自然就会给相应的回报。