What happens to a company that is so dependent


Using an example of an existing company going public like Martha Stewart, why would Martha Stewart let her company go public give up "control" of the company she founded? I know having a company go public gives them plenty of capital to reinvest in the company, but why would she give up the ultimate control of the company she built? What happens to a company that is so dependent on a "brand person" like Martha Stewart or has the company been transformed beyond just being "her" anymore?

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Finance Basics: What happens to a company that is so dependent
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