Yet the stock is doing better than ever.
Somehow, privately-owned companies tend to actually give a shit about things beyond revenues and other practically meaningless numbers.
1. Public companies have tons of disclosure requirements, which makes it far more likely that someone notices their misconduct. That's a really heavy bias in the data.
2. Private companies are typically smaller, so the range of ways to abuse customers is smaller. Nestle can buy out the water rights for entire regions; the median private company probably couldn't buy enough water to mess up a city.