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They could probably sue him. As a member of the board of directors he still has an obligation to act in the interests of the shareholders even if he controls a
by dodobirdlord 7y ago
They could probably sue him. As a member of the board of directors he still has an obligation to act in the interests of the shareholders even if he controls a majority of the votes.
- ksec 7y agoWow, so it turns there is a difference between Majority of shares (50%+) and Majority of Voting Power. So hypnotically could he have done it if he had 50%+ vote? Or could he still be sued? And by watching everything burn, I mean he could try to spin it as he will take drastic action to improve on the situation and refuse Softbank's offer.
- dodobirdlord 7y ago> So hypnotically could he have done it if he had 50%+ vote? Or could he still be sued? Could still be sued. > And by watching everything burn, I mean he could try to spin it as he will take drastic action to improve on the situation and refuse Softbank's offer. Having a spin can help in court, but a court is likely to see through it.