3 ms·
Not if the founders have majority voting rights.
by acchow 9y ago
Not if the founders have majority voting rights.
- kelnos 9y agoEven with majority voting rights, you're still subject to much more stringent accounting and reporting requirements, and Wall Street can and will punish you if you don't set and meet reasonable quarterly and yearly revenue guidance. A lower stock price means less access to future capital, so you still end up doing things to please the market.