4 ms·
What stops ordinary companies from doing this to ordinary shareholders?
by jammygit 8y ago
What stops ordinary companies from doing this to ordinary shareholders?
- kingbirdy 8y agoThat no one would buy shares in the new company, making it worth dramatically less than the old one
- jungturk 8y agoFiduciary duties - I'm not sure if those are being left out of these anecdotes or there were actual issues preventing the obligations from being enforced. https://smallbusiness.chron.com/legal-relationship-between-shareholders-ceos-33637.html https://smallbusiness.chron.com/legal-relationship-between-s...