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You have it exactly backwards. If shareholders want more cash, it is theirs to demand. They don't have a "right to a voice", they own the company. And it has no
by damoncali 14y ago
You have it exactly backwards. If shareholders want more cash, it is theirs to demand. They don't have a "right to a voice", they own the company. And it has nothing to do with being public.
- tomjen3 14y agoStockholders own a part of the company. The only reason he sues is that he doesn't own enough stock to get enough votes.