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Maybe because the shares are controlled by the majority shareholder and the other shareholders want some protection against that shareholder? This is why we ha
by alex_young 3y ago
Maybe because the shares are controlled by the majority shareholder and the other shareholders want some protection against that shareholder? This is why we have an SEC.
- londons_explore 3y agoThe majority shareholder has a larger chunk of the shares than he has control of the board. A big board pay packet he has every reason to reject if it was unreasonable.
- TheCoelacanth 3y agoNot if he's colluding with the board to get a gigantic pay package for himself (a separate lawsuit is fighting his $56 billion pay package, calling it "the largest compensation grant in human history").