4 ms·
If a company has a particular shareholder with 51% of the stock (or votes) then one might be able to argue no one else has any real control over them. If every
by gorgoiler 4y ago
If a company has a particular shareholder with 51% of the stock (or votes) then one might be able to argue no one else has any real control over them.
If everyone owns <10% then that’s a different story. Tencent can’t control the board alone, but they certain have some latent control.
If a vote splits at 49% in favor and 49% against, the 2% shareholder has all the control.
- lazystar 4y agochina certainly has influence on reddit though, even with 10%. quite a coincidence how tianenman square and Uyghur posts started getting removed after tencent came into the picture.
- yed 4y ago“Controlling interest” and “controlling holding” are well worn financial concepts with long legal precedent that are not open to creative interpretation. These principles are how the feds evaluate insider trading and such.