Reminds me of privatization in the Soviet states. I can build such a funny hypothetical scenario. Step1 get on a board of a big company. Random board members

Reminds me of privatization in the Soviet states. I can build such a funny hypothetical scenario. Step1 get on a board of a big company. Random board members leave and out of 9 people in the original board there are only 6 left. 3 of them dont like each other. Pit them against each other to oust the 2 of them. So now only 4 remain. Now oust the last guy whose vote you needed earlier (to kick out the other people). You dont need him anymore. He can write some random complaint letters, who cares. He can even stay on the board, the clique can always outvote him. Now only 3-4 left on board. Recruit spouses and grandparents to the board to fill back to 9. In fact, you dont even have to - you answer to nobody as long as you stay on the board. Congrats, you now control an 80 billion company. Sell the intellectual property to highest bidder in a bargain sale for 20b, then pay each other 10b in salaries, use 9b for legal fees and start a new startup for 1b for fiduciary duties as a fig leave to show that the non profit still operates. Oh also allegedly most employees want to quit, but whatever, use a dollar bill to wipe your tears. Wouldnt all that be absolutely legal? In Soviet states probably. In USA?