3 ms·
> You can re-cap existing shareholders down to basically zero ownership to privilege new ones, you can screw the employee pool in favor of the investors and fou
by est31 4y ago
> You can re-cap existing shareholders down to basically zero ownership to privilege new ones, you can screw the employee pool in favor of the investors and founders (that's pretty normal, actually, employees should always assume they'll be screwed in an exit), you can even dilute specific previous investors/founders out of the pool like what Zuck did to Saverin.
Isn't the majority shareholders disowning the minority shareholders security fraud?
https://en.wikipedia.org/wiki/Tunneling_(fraud) https://en.wikipedia.org/wiki/Tunneling_(fraud)
https://www.investopedia.com/terms/t/tunneling.asp https://www.investopedia.com/terms/t/tunneling.asp
Also it seems that Saverin arrived at a settlement.