There is not any owner per se. The Green Bay Packers are 'owned' by a board of directors. The franchise's shareholders, a.k.a. fans, have a limited say in how the team is run.
The front office and fans relationship is somewhat circular. Give the fans what they 'want' and the franchise 'reciprocates'. If not, shareholder fans can vote for or against who can sit on the board.
It empowers Packer fans to know they have some degree of influence over the team. The front office is motivated to do its best to truly satisfy its fans on an annual basis. True, the stock has no monetary value but it does sentimental value, which ensures fan loyalty.
Well, you can't fault Jerry for not doing this because the NFL outlaws it. Also, let me know how the fans voted with canning Rodgers and going with Love. I don't recall seeing the exact numbers. I doubt you saw any vote on the issue either. Funny that.
Who owns the Packers
From the link:
"This (the GB Packer shareholder situatio) is truly unique and is actually not allowed by the NFL governing bodies, with the Packers being the only exception. The NFL does not allow corporate ownership of clubs, requiring every club to be owned by either a single owner or a small group of owners — at least one of whom must hold a 1/3 stake in the team.
The Packers’ exemption to the rule comes from the fact they have been a publicly owned corporation since before the rule was in place. While there are stocks and shares to be had, the Packers are run by a board of directors that serve as the “owner of record” for the franchise in the eyes of the NFL."
"Owning stock in a company gives you a real sense of ownership in most cases, but with the Packers, the entity isn’t quite set up in a traditional manner. Shares don’t include any equity interest, don’t pay holders dividends for their stock, cannot be traded, and have no protection under securities laws.
Shares also don’t give any season-ticket purchasing privileges. The only rights shareholders receive are voting rights, an invitation to the corporation’s annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise every year."