> family owned company act like they have stock holders

A family owned company does have shareholders. The shareholders are the people who own the company.

There’s nothing all that special about a family owned business in this regard, even though they want you to believe it’s completely different. Family owned is a loose term anyway. Large companies are large companies.

Family or not, when these are the executives you hire for over a decade it shouldn't surprise anyone that events like this occur: https://www.ksbw.com/article/taylor-farms-tennessee-ex-presi...

>Brian Thure served as president of Taylor Farms Tennessee from about 2012 until March 2026 and allegedly used his authority over finances, payroll, vendors and accounting to divert company money for personal benefit. >Taylor Farms claims the alleged fraud came to light during an IRS audit

It’s a multi billion dollar corporation. It’s not a mom and pop 10 acre farm. Family owned means nothing at that point.

95% of farms are "family owned". Large scale family owned farms make up about 4% of all farms but 48% of agricultural output. https://www.nass.usda.gov/Publications/Highlights/2025/Censu...

There's a tendency to want to be nice to farmers who own "family owned farms" because it evokes imagery steeped in quaint classical Americana. It is mostly from misinformation that this impression arises. Don't feel bad for a family owned farm that isn't going well. They get special bankruptcy rules, they can sell off their very valuable land as a backstop, and most of all they are probably not as small and quaint and cute as you think they are.

The WalMart Waltons are a "family"

At the core, "Family-owned" just means nepotism is preferred over merit.

(The mob is also "Family-owned")

Mary Antoinette should've tried that line "It's not a monarchy, just a family-owned state"

stockholders? no. stakeholders? absolutely.