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Headline - I agree with you. Just retire, or do something else. You own the shares. Fine Print: There's still some screwy stuff they can do diluting your shar
by bgroat 5y ago
Headline - I agree with you.
Just retire, or do something else. You own the shares.
Fine Print: There's still some screwy stuff they can do diluting your shares in particular.
- icedchai 5y ago"Just retire"... that may be difficult without liquidity, regardless of value of the shares.
- adventured 5y ago> There's still some screwy stuff they can do diluting your shares in particular. And they also may run the company you founded into the ground by selecting a mediocre replacement (who will surround theirself with mediocre managers), making your shares potentially worthless in the end.
- elliekelly 5y agoAnd often it’s not about a financial bruise so much as the ego/emotional bruise. Losing control is not a comfortable feeling for the CEO-type.
- vmception 5y agowhich is why my point carries weight: don't get married to the company/project/IP anything go in with a precision strike and leave. don't stay for 20 years and act surprised when the Taliban takes over the board again in 10 days. leave that to the disillusioned employees and sycophants. yourself and the external contractors extracted generational wealth for decades. and if you didn't nobody to blame but yourself.
- withinboredom 5y agoCan you have a single share that is always * X of the summed voting rights of other shares, so no matter how many shares they print, you just get more votes?