How is a company publicly traded but privately controlled?

Answers:0   |   LastUpdateAt:2012-10-25 05:01:16  

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J.R.
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Companies like WWE and the Dow Jones are listed on the stock market open but privately controlled by key people in the company . How is that possible? Millions of people buy shares in the WWE and money is invested in your company by the public , but Vince McMahon and his wife , son , daughter and keep 96 percent of the voting power . How is that possible? Do you own a different type of securities as ordinary shares and all other preferred shares have ? Want to start a business and want to know how I can make my company public , but private control . Thanks for the help .
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