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> don't sue in such situations. Rather, they just vote out the board cf. with the shareholder suit against Tesla. Why did they sue instead of firing the board
by rhelz 3y ago
> don't sue in such situations. Rather, they just vote out the board
cf. with the shareholder suit against Tesla. Why did they sue instead of firing the board of directors?
To vote out the board, you need >50% of the shareholders to back you. To sue the board, all you need is 1 disgruntled investor.