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> he is spending his money Say I have >50% control: Can I make it a dynastic company and ensuring my kids gain control of the company? Yes. Who can stop me?
by nowherebeen 5y ago
> he is spending his money
Say I have >50% control:
Can I make it a dynastic company and ensuring my kids gain control of the company? Yes.
Who can stop me? No one.
Can I dilute everyone else's shares and issues dividends when I want? Yes.
Can I issue dividends only to a certain class of shares ensuring those shares which I own a super majority get paid? Yes.
Can I fire the board when I want? Yes.
I mean sure. Its not his money, but its his company. Through and through.
> His money is only small fraction of the money being spent.
Company assets is not equity. I am not sure you fully understand how equity works.
> spending money makes it not an achievement if it successful.
No. Depends on how you spend it. Again, read my last comment.
- manquer 5y agoDo read up on minority shareholder rights. Controlling Voting shares is not as the same hash rate in crypto, owning 51% doesn't give you effective control to do anything you want. There are restrictions on what you can and cannot do .
- nowherebeen 5y agoMinority shareholder rights arose because of past abuses, but the advantage is still very much to the majority shareholder. Your odds of winning a case against a majority shareholder is slim to none and would takes years to resolve in court. So my argument stands firmly. You have a overly simplistic and idealistic view of how equity works. This argument is getting boring so I am going to stop here. If you still think you are right, then I wish you all the best in the real world.