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> CEO and board have a fiduciary responsibility to the shareholders. While there is a fiduciary responsibility, private != public in this regard. If the Collis
by the_watcher 10y ago
> CEO and board have a fiduciary responsibility to the shareholders.
While there is a fiduciary responsibility, private != public in this regard. If the Collison's retain enough equity to control the company, doesn't matter what the rest of the board thinks (I have no idea what their cap table looks like, to be clear)