I think one of the problems of the average citizen is when they read the corp is doing it for it's shareholder, they think shareholders like them, small accounts and usually known only to the corps by street name or broker total counts per broker. The shareholders the corp is doing it for is the large shareholders and investors on their ledger in real name. Sometimes this is less than 15 people. The shareholders of record are first the bod, lrg holders and institutional then it works down to simple commons. The insiders who's votes actually count are the corp shareholders of record. Penny stock promoters have prostituted all sorts of names to sell their bags.
When shitty promoters keep saying common shareholders are of record, that is not technically true and commons don't usually have voting rights or in line for dividends. Corp shareholders of record are warrant holders, preferred and restricted, etc.
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