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He has some type of captive control of SoftBank. Strange.
by bhouston 7y ago
He has some type of captive control of SoftBank. Strange.
- detaro 7y agoNot of SoftBank, but of WeWork (looked it up: chairman of the board, holding lots of shares). If SoftBank wants free reign to "fix" WeWork as they think is best, they need to buy him out or otherwise convince him that it's in his best interest to let them. EDIT: not majority of shares/voting power, he gave that up when stepping down
- malandrew 7y agoI thought he already gave up the majority voting power a few weeks ago when trying to salvage the IPO. Does he still have that power?
- detaro 7y agoIndeed, I apparently misread that. So probably still influential, but not majority.
- wastedhours 7y agoHe still has outweighted voting rights on his shares I think, but now at a non-majority level by the seems of it (I think the old model was 10 votes per share vs most other shareholders 1).
- malandrew 7y agoYeah, looks like it is now 3:1.
- greglindahl 7y agoWhen you owe someone a lot of money, you can make it their problem.