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What a ridiculous article. The majority shareholder votes in the board, who makes all the big decisions, and indirectly makes all the minor decisions because th
by Flemlord 18y ago
What a ridiculous article. The majority shareholder votes in the board, who makes all the big decisions, and indirectly makes all the minor decisions because they vote in the executive team. Without majority ownership, a founder can go from being Chairman/CEO and running all aspects of the business to being banned from the premises and prevented from working in the industry or talking to the press. I've seen it happen.
Not all founder-investor relationships are hostile, and the founder isn't always right. But to suggest majority ownership is irrelevant is ludicrous.