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Depends on the corporation's bylaws, but generally the board of directors issues new shares. Investors get a say in so far as they agree to the bylaws and elect
by Kranar 5y ago
Depends on the corporation's bylaws, but generally the board of directors issues new shares. Investors get a say in so far as they agree to the bylaws and elect the board.
- phnofive 5y agoAppreciate the response! I was referring to the cartoon, though - it's clear why the president/board would want this (capital to expand), but less so why the existing shareholders would (presumably, in context, increased future value or dividends).