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SO assuming you held voting stock -- isn't all you can really do vote in a new board/chairman/etc? Elect yourself + cronies to the board. Fire the ceo (or app
by whatusername 16y ago
SO assuming you held voting stock -- isn't all you can really do vote in a new board/chairman/etc? Elect yourself + cronies to the board. Fire the ceo (or appoint yourself) and then you could do this.
BUT:
Then you run into the maximizing shareholder value legislation -- which we normally put up as why big companies screw you over -- but are in place to prevent abuses like this.