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Surely you're joking? The "shareholders" OWN the companies in question. Of course it is their right to demand whatever they want from the company - they own the
by littletimmy 11y ago
Surely you're joking? The "shareholders" OWN the companies in question. Of course it is their right to demand whatever they want from the company - they own the thing. No company can tell its shareholders to fuck off, because it is subservient to them.
- Throwaway23412 11y agoThis depends on the structure of control in the companies. Anyone familiar with Facebook and Google knows that Zuckerberg pulled some fantastic manipulation of board seats and Brin and Page created a new class of voting shares that are 10x more powerful than regular shares. In such set-ups, the co-founders have permanent control of their companies without having to hold too many shares. I imagine that many of the co-founders of the "unicorns" were smart enough to replicate Zuckerberg and Brin/Page and are subservient to no one.