--- bash-2.02.1.orig/shell.c
+++ bash-2.02.1/shell.c
@@ -378,7 +378,7 @@
   if (dump_translatable_strings)
     read_but_dont_execute = 1;
 
-  if (running_setuid && privileged_mode == 0)
+  if (running_setuid && privileged_mode == 0 && act_like_sh == 0)
     disable_priv_mode ();
 
   /* Need to get the argument to a -c option processed in the