Once a stockholder gets control of the majority of the stock he/she can do whatever they want short of fraud. Hence, if I control 50+% of the shares I can sell

Once a stockholder gets control of the majority of the stock he/she can do whatever they want short of fraud. Hence, if I control 50+% of the shares I can sell the company to anyone and take it private if that's what I want. The board would still need to approve it but as the controlling shareholder I can replace the board with members that will do what I want so they can't stop me. Again, I can't commit fraud but if I can justify it then I can do it. No minority stock holder can stop me.