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Nobody forces investors to put money in these companies. If poor governance impacts the price more than the long term benefits of keeping the central vision, t
by mathattack 14y ago
Nobody forces investors to put money in these companies. If poor governance impacts the price more than the long term benefits of keeping the central vision, then the shares will drop in price. This will in turn hurt the founders.
The issue is more nefarious when there are poor governance provisions (example: poison pills) and the CEO isn't a large shareholder.