These funds do not pose problems just for public investors.
"We want to try to give that to public investors in the future," he added.
The shares opened the next day at $16.10, as public investors sent in sell orders.
Many thousands of others will also probably be affected, he said, as public investors in Enron stock.
Then you sell stock to public investors who think the companies together are very valuable.
To make its financial results more attractive to potential public investors, the company has been trying to cut costs and raise productivity, they said.
But its history shows how quickly the founders of a company can cash out when public investors stand willing and ready to buy.
Those rules make it possible for public investors to set the price, rather than allow the market makers to do so.
At least public investors always paid the market price for the stock.
Shopping centers took over America without much help from public investors.