3 ms·

I mean, that’s fine, no? As long as regular non-manager employees are still on the corporation’s Board, the managerial class (CEO et al) still all have the Boar

• toyg 3y ago
  In theory. In practice things will evolve in subtle ways that will effectively insulate managers - scheduling meetings at unconvenient times, passing rules that allow for fewer and fewer people to make big decisions, etc. I mean, even regular businesses in practice end up this way - nominally with lots of shareholders, practically run by (and for) a few powerful individuals. That's why we have a concept of "activist shareholder" - in theory all of them should be "active" but in practice almost no one is, so the few who do are labelled (and often "bought" one way or another).