When you serve on a board, you are in a fiduciary role; you are there to protect shareholders and that's the concept.

一旦你进入了董事会,你就成为了受托人,你的存在就是为了维护股东的利益,就是这样

耶鲁公开课 - 金融市场课程节选

They're the ones--there are other people who have contracts with the company, like the employees, but the employees are not shareholders; they are receiving salary or something else.

还有其他,和公司签订了合同的人,像员工,但员工不是股东,他们拿工资或其他东西

耶鲁公开课 - 金融市场课程节选

The fundamental one is the shareholder because the shareholder owns the corporation.

最基础的关系就是股东与公司的关系,因为股东是公司的所有人

耶鲁公开课 - 金融市场课程节选

The debt of a company is the amount of money it owes either to banks, or to bond holders, or to note holders, or commercial paper holders; these are fixed incomes.

公司的债务是指一笔借来的钱,不管债权人是银行还是股东,或债券所有人,或者商业票据所有人,这些都是固定收益

耶鲁公开课 - 金融市场课程节选