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Bit of a side question: how can deals be tight lipped in a publicly listed company? Can shareholders vote to make information public? Or is it just not common
by skeletonjelly 6y ago
Bit of a side question: how can deals be tight lipped in a publicly listed company? Can shareholders vote to make information public? Or is it just not common
- seventhtiger 6y agoThe CEO is beholden to the board who are beholden to the shareholders. The CEO is generally not actually beholden to the shareholders (directly). Depending on the shares, the shareholders may or may not be able to actually influence the board. Owning a share in coca cola doesn't give you a right to the secret formula.
- srtjstjsj 6y agoYes but the majority of shareholders do not vote against the business.