Like I said at the start, the traditional way of doing this is pretty easy to understand. Look at this chart. The squares with a D in them are when Exxon Mobile paid out a dividend. If you mouse over them, it'll say something like 0.87 - that means on that day Exxon sent a check for $0.87 to every shareholder (I mean... obviously if you have two shares you get $1.74 instead of two checks, but you know what I mean). A lot of companies (notably the big tech ones) don't do dividends anymore and use more convoluted systems, but this is the basic principle.
And if you own shares in a stock, you'll occasionally get mail from the company asking you to participate in the shareholder's meeting, telling you what the measures to vote on are, and giving you the board's recommendations for votes. Generally these are very low-participation though, since A - you can buy and sell votes, so some people have a lot more votes than you and B - shareholders generally are okay with whatever the board is doing, otherwise they'd put their money somewhere else.
Ok, so the core of the stock value is because the stockholders can vote to provide themselves with the companies wealth, in some manner?
Yeah.
Like I said at the start, the traditional way of doing this is pretty easy to understand. Look at this chart. The squares with a D in them are when Exxon Mobile paid out a dividend. If you mouse over them, it'll say something like 0.87 - that means on that day Exxon sent a check for $0.87 to every shareholder (I mean... obviously if you have two shares you get $1.74 instead of two checks, but you know what I mean). A lot of companies (notably the big tech ones) don't do dividends anymore and use more convoluted systems, but this is the basic principle.
And if you own shares in a stock, you'll occasionally get mail from the company asking you to participate in the shareholder's meeting, telling you what the measures to vote on are, and giving you the board's recommendations for votes. Generally these are very low-participation though, since A - you can buy and sell votes, so some people have a lot more votes than you and B - shareholders generally are okay with whatever the board is doing, otherwise they'd put their money somewhere else.
thank you