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That's the current board. Do you know how much control the investors have to change the board composition if they are ignored?
by HWR_14 3y ago
That's the current board. Do you know how much control the investors have to change the board composition if they are ignored?
- JumpCrisscross 3y ago> Do you know how much control the investors have to change the board composition if they are ignored? Most of Reddit's shares were issued in the era of founder-friendly voting rights agreements. The fact that those investors don't have anyone on the Board means they don't have the right to elect one to it. Private-company Board rules are Byzantine. But they're not thoughtless.
- HWR_14 3y agoIsn't it also possible it's like Tesla with Musk. Even though the investors could oust him, they don't think it's worth losing his talent.