How can a Divorce of Ownership from Control occur?

-When Firms are Young and Small, the Owner usually Manges the Firm on a Day-Day Basis -When the Firm grows, Finance is often raised from selling Shares. The new Shareholders become Part Owners of the Firm. -But Directors, who are Appointed by the Shareholders, are Running the Firm, in the interests of the Shareholders -Thus, the Owners are no longer in Control of the Day-to-day running of the Firm.