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Yes. They're pretty explicit about this: > So long as our Founders [...] meet a minimum ownership threshold on the applicable record date for a vote of the sto
by _eigenfoo 6y ago
Yes. They're pretty explicit about this:
> So long as our Founders [...] meet a minimum ownership threshold on the applicable record date for a vote of the stockholders[...], these Founders will effectively control all matters submitted to a vote of the stockholders for the foreseeable future. This could delay, defer, or prevent a change of control, merger, consolidation, or sale of all or substantially all of our assets that our other stockholders support. Conversely, this concentrated control could allow our Founders to consummate a transaction that our other stockholders do not support.
- thesausageking 6y agoThanks! I know many companies get away with it, but I still find it odd for shareholders to not have any control. They'll own it but have no say in how the company is run.
- wmf 6y agoMost investors are passive anyway. If you don't like how the company is run you can push down the price by selling.