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This is also why at least one actually-independent board member is a good sign: at least someone involved has a fiduciary duty to the common stock holders.
by roguecoder 8y ago
This is also why at least one actually-independent board member is a good sign: at least someone involved has a fiduciary duty to the common stock holders.
- deanmoriarty 8y agoBut don't founders typically have common stocks as well? How exactly can they dilute other common holders rather than themselves, without implementing some very bad shenanigans (e.g. a-la Mark Zuckerberg with FB)?
- deleted 8y ago[deleted]