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A "small minority" means "a lot less than 50%," which is true. He may be the largest shareholder, but he has a minority stake, and his stake is not even close t
by pclmulqdq 3y ago
A "small minority" means "a lot less than 50%," which is true. He may be the largest shareholder, but he has a minority stake, and his stake is not even close to a majority.
Shareholders do not vote in isolation to each other, they can coordinate. The coordinator usually is the company management, but it can be activist investors. An activist can get enough votes to do something with Tesla without talking to Musk - this is not the case at Google or Facebook.