Does he have authority to? Immediately yes, but he only owns 17% or so of the company. If he doubles / triples the wage in absence of market pressure to do so t

Does he have authority to? Immediately yes, but he only owns 17% or so of the company. If he doubles / triples the wage in absence of market pressure to do so to keep competent staff in the warehouses, how long does he get to do it before the stockholders gang up and replace him?