https://www.independent.co.uk/news/world/europe/amazon-used-...
https://en.m.wikipedia.org/wiki/West_Virginia_Coal_Wars
https://en.m.wikipedia.org/wiki/Johnson_County_War
https://en.m.wikipedia.org/wiki/Baldwin–Felts_Detective_Agen...
https://www.theguardian.com/world/2015/mar/04/east-india-com...
http://www.ibmandtheholocaust.com
So, no, I really don't think that distinction flies.
Moreover, a government is, at least in theory, answerable to all people, not just the stockholders.