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I don't think that works if there is truly criminal culpability here. If you're on the Board of Directors you can fire the clown or you can let him vote you off
by PhantomGremlin 10y ago
I don't think that works if there is truly criminal culpability here. If you're on the Board of Directors you can fire the clown or you can let him vote you off the board. You don't get to say: I can't do anything because he's the majority shareholder.
- kooshball 10y agoHow do you fire any one as a board member? Your only input is the vote and if the CEO control the majority of votes, your vote is meaningless.
- MertsA 10y agoIt's not always that simple though. Kalanick can't just do whatever he wants with no fear of other shareholders intervening. See Dodge v. Ford: https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
- notyourwork 10y agoI believe you actually do. Sure you can ask nicely but he has voting control of the company so until proven guilty what more can the board do?