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I mean, this has to be true right? Otherwise the stock market doesn't function as shared ownership, it would be more like Kickstarter at scale with no recourse

I mean, this has to be true right? Otherwise the stock market doesn't function as shared ownership, it would be more like Kickstarter at scale with no recourse for failure to deliver. Plenty of takeovers have been conducted on the open market, even without consent of the board, also known as a hostile takeover.

sn_master 6y ago
Class B shares with no voting rights have been a thing for a long time. When the US government bailed out the banks in 2008, they made sure to buy only Class B shares, so no one could claim the government nationalized the banks and put them under their control, rather they just injected capital. https://www.investopedia.com/terms/c/classbshares.asp https://www.investopedia.com/terms/c/classbshares.asp