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It is his company - that's basically what it means to own more than 50% of the voting shares.
by akvadrako 7y ago
It is his company - that's basically what it means to own more than 50% of the voting shares.
- TheTruth1234 7y agoThat might not be the only factor. The SEC commonly investigate how much of a douchebag the owner is.
- hjk05 7y agoNo it doesn’t there are rules and requirements beyond those of a privately owned company, which is for instance why he can’t just call a vote tomorrow nullifying every share except for his own without seeing it blow up in his face. It’s not his company, it’s a public company in which he has controlling shares. He can’t do whatever he likes without consequence, but he can definitely retain control even in the face of rising criticism.
- bradstewart 7y agoSure, he can't violate the law. But (within the confines of the law) it is effectively his, and only his, company.