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Public companies can have voting structures that prevent anyone from just buying it and taking over. Like Alphabet/google, Brin and Page have a majority of voti
by gnopgnip 5y ago
Public companies can have voting structures that prevent anyone from just buying it and taking over. Like Alphabet/google, Brin and Page have a majority of voting rights, but only own about 12% of the stock.
- Mountain_Skies 5y agoThat can lead to the Crazy Monarch problem. Monarchy has lots of benefits over democracy but all it takes is one crazy monarch to reverse that. I'm starting to wonder if perhaps we're going to see that with Mark Zuckerberg and his Metaverse gamble.