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> The company had about 230 employees, had offices in Abidjan, Abu Dhabi, Buenos Aires, Kuala Lumpur, Muscat, Selsdon and Steinhausen, and did business througho
by p-e-w 3y ago
> The company had about 230 employees, had offices in Abidjan, Abu Dhabi, Buenos Aires, Kuala Lumpur, Muscat, Selsdon and Steinhausen, and did business throughout the world.
That's a... really strange list of office locations, especially considering the relatively small number of employees.
> The owners of Crypto AG were unknown, supposedly even to the managers of the firm, and they held their ownership through bearer shares.
How does this work in practice? If management doesn't know who owns the company, how can the owners exercise influence on company business?
- quasse 3y agoVia lawyer / legal representative if I had to hazard a guess.
- p-e-w 3y agoHow does that representative prove that they really represent the owners, if the owners aren't known to management? How can they authorize someone without revealing identifying information?
- eviks 3y agoWhere would this need to really prove anything arise from? The intermediaries just hire and pay the managers, that's enough
- ahazred8ta 3y agoBearer Shares authorize the holder to show up at a shareholders meeting and vote to select certain representatives as board members. https://en.wikipedia.org/wiki/Bearer_instrument https://en.wikipedia.org/wiki/Bearer_instrument
- anticensor 3y agoCodify all the management policy in the main charter, leaving nothing else to the board to decide?
- ahazred8ta 3y agoIIRC the CEO was part of the board of directors, but the other directors were anonymous or represented by proxies.