The most common practice that the vast majority of major profit making corporations tend to want to involve themselves in usually entails them going public at some point or another once all has been said and is now out of the way. The reason behind this is that this allows them to turn their corporation into a separate legal entity, and when people start buying up their shares this can give them some much needed liquidity that they might need in order to finance expansions as well as a wide range of other things.
However, you should know that this is not always how things are done. Publix is a company that is estimated to be worth around $45 billion, but what makes it quite distinct is that it’s not a public company at all! Rather, it is a private company but it is also unique in that respect because of the fact that its shares are owned by the Jenkins, who started the company, a board of directors as well as just regular everyday employees! These employees are the ones that check out their Publix passport to get an optimal overview of whatever it is that they have been assigned, and suffice it to say that their ownership of shares makes them that much more motivated to give the company their all.
The ownership of Publix is split between these three aforementioned parties. The Jenkins family started Publix so it makes sense that they would own a huge chunk of the shares, and the board of directors is responsible for overseeing big picture things that might be important but it’s great that employees get in on this as well.