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He only sold the voting rights associated with the shares in that transaction.
by ericwaller 17y ago
He only sold the voting rights associated with the shares in that transaction.
- netsp 17y agoIn that case, I don't understand. Why couldn't every shareholder with unwanted stock do this, less receiving money in exchange fore his/her voting rights? Put differently, if this is possible and legal, what keeps everyone else liable?
- crc32 17y agoI think in most circumstances, nobody would want to buy the voting rights. This was an unusual situation in which Theiss paid for the voting rights to vote against the interests of the share holders.