The problem with being a public investment company is you have to file quarterly reports about all the things you've invested in.

而公共券商的困难在于,你必须按季度向证交会报告,公司所有的投资活动

耶鲁公开课 - 金融市场课程节选

Well actually, we have some voting among alumni I guess, but it's not a for-profit corporation.

实际上,在校友会活动中还是会投票的,但这不是个盈利性公司

耶鲁公开课 - 金融市场课程节选