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They literally bought board seats - not today, but shares entitle you to vote on the board members on the next shareholder meeting. And 5$bn of shares buy you a
by littlecranky67 1y ago
They literally bought board seats - not today, but shares entitle you to vote on the board members on the next shareholder meeting. And 5$bn of shares buy you a lot of votes.
- andirk 1y ago5$bn may not buy a huge amount of voting power, but if there are close votes on important things then it could be enough to affect the company. Keeping ones enemies closer, regardless of voting, can also help overall.