5 ms·

Why is he stubborn? Isn't he just running his company his way?

• TAForObvReasons 8y ago
  You are permitted to run the company your way when you are wildly successful and can raise money at obscene valuations (see Facebook). Otherwise it is a delicate dance with the investors.
  • jjeaff 8y ago
    You can run your company however you please until you no longer have 51% voting control. And don't think for a second that your investors won't do whatever the heck they please once they have controlling interest, up to and including kicking you out of your own company if it serves them better.
    • robocat 8y ago
      After the share buyback, has he undiluted his ownership from 45% to above 50%?
      • btilly 8y ago
        Not by my calculation. Here is how I figured that. He had 45% of a company that was valued at $80 million in the buyback. That's $36 million. He paid back $3.3 million. That reduces the value of the company by $3.3 million and leaves his value untouched. So he now has 36/(80-3.3) = 0.46936... of the company, for around 47% < 50%.
    • JackFr 8y ago
      > including kicking you out of your own company kicking you out of their company