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It can be privately held by vanguard/blackrock. The difference is only based on how the "shares" where bought/sold. The "usual" way is to buy shares available o
by sylware 4y ago
It can be privately held by vanguard/blackrock. The difference is only based on how the "shares" where bought/sold. The "usual" way is to buy shares available on public and formalized markets like stock exchanges.
So what's you say about Tesla and Elon Musk is like Amazon and JB: they are share holders, but not big enough compared to Elon Musk in Tesla (did not check that) then they cannot setup their ppl on management like their CEOs. This is the same with amazon: JB is in control, but vanguard/blackrock are just behind (and azure), namely once JB sells enough of his shares, vanguard/blackrock get in control and then will setup their ppl as CEO and management (unless azure interfere).
Like alphabet(google)/microsoft/apple/starbucks/etc.
- tptacek 4y agoThis sounds like a conspiracy theory.
- sylware 4y agoIt is public information and how CEOs are chosen. If you want to know more: starbucks, a vanguard/blackrock company, with msft CEO has massive debts and stabucks is paying huge interests all year long. Public info.
- toomanyrichies 4y agoIf it’s public info, you should have no trouble citing your sources. It’s not our job to do so on your behalf.
- sylware 4y agoUsually wikipedia has the info, and few sites list the same info and sometime more, for instance the debts of the company (some profits are sucked out with the huge interests of those massive debts). Usually a good start is gogol (a vanguard/blackrock company!): "who owns tesla". Amazon for instance: JB is in full control, with azure/vanguard/blackrock right behind.
- kasey_junk 4y agoThe ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made Starbucks a household name and when it went public. He’s not at all associated with Vanguard or Blackrock. The next CEO was chosen by the board in a very public CEO search. Laxman Narasimhan has the pedigree you’d expect from someone picked for that role including being a ceo of a big company and a long stretch at Pepsi. Perhaps you can be specific about what you think Vanguard or Blackrock did as part of this process that caused a three time ceo & founder of Starbucks to be chosen as the interim and then followed by what appears to be a highly qualified candidate?
- sylware 4y agoI stand corrected, msft CEO is "just a member" of starbucks board of directors, not the CEO and I checked Pepsi, it is vanguard/blackrock own company. All that is a "small small world".
- kasey_junk 4y agoVanguard and Blackrock buy companies as part of their size in the market. Literally a published equation. By definition if a company is a large part of the public markets they will own a big portion of it. In Vanguards case, that ownership is a direct pass through to the people buying into those indexes. Do the ultimate ownership is dispersed. Do you have any point other than “big index funds own the correct percentage of the market they index?”
- sylware 4y agoIt is extremely simple: biggest share holders have a significant weight at deciding who are directors on the board (then the management teams), and those are usually their ppl. This is not rocket science.
- tptacek 4y agoAs you write more about this, you don't manage to make it sound less like a conspiracy theory. But that's helpful; I know how to interpret what you were saying upthread now. Thanks for responding.