He IS a stockholder. It would only make sense to drive equity value down if you intend on taking the company private at a low price and then either keeping any profits for yourself and/or selling it in the future either publicly or privately.
But he is 85 years old and probably doesn't care too much at this point, and his shares will be inherited and hopefully his heirs will have incentive to create equity value for us bagholders.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.