2 ms·
It is easier than that. Issue nine shares of stock for every one outstanding, and split it evenly between victims (if applicable) and a new public offering. M
by hedora 3y ago
It is easier than that.
Issue nine shares of stock for every one outstanding, and split it evenly between victims (if applicable) and a new public offering.
Make sure the victims have 90% control of the company after that, by giving them multiple non-transferrable votes per share. Also, make sure they are organized enough to vote as a block (to replace board members, etc).
- hakfoo 3y agoLet's go proactive. In exchange for the legal conveniences that being a limited-liability/stock company offers, you must issue to the state a class of shares that are nontradeable/zero-dividend (and thus do not dilute valuation) but voting, representing 49% of the voting power. A well-behaved company would see little difference there; the state-owned shares would typically abstain or vote with management. But if they get too brazen and abusive, the board is gonna have to figure out how to handle what is effectively the ultimate hostile investor: "line goes up" means nothing to them, but "the public's pissed they still can't afford their meds" does.