Board control and share control are two different and competing things, with the board generally trumping shareholders. The board is not controlled by sharehol

Board control and share control are two different and competing things, with the board generally trumping shareholders. The board is not controlled by shareholders. The board has a fiduciary responsibility to act in the best financial interest of the shareholders as a whole. But they (the board) essentially have full authority to decide what that means to them. Shareholders are effectively powerless outside of court, except for whatever power a board intentionally briefly concedes to them.