Why is the board allowed to kick out the person who created the company? Why do shareholders have this much power?
>>218621788Who goes public with their own company and doesnt own a majority of shares?
>>218621852Maybe he needed to sell a lot at some point.
>>218621788Look up shareholder primacy and realize countries are just tools for select people to ensure they remain in power regardless of what people want
>>218621788All modren company’s have premium class A shares that are not traded publicly that have 5000 votes each.The system is rediciously shammed in favor of bad actors, you don’t own shit.as a non insider.
>>218621852Probably discourages investment when no matter how many shares you buy you'll have zero chance of having any input or control in the company
>>218621788board has to do everything to maximize shareholder value or the shareholders will fuck the board offhe was a retard and didn't give himself enough shares when the board went publicthey were retards for not immediately having him escorted out by security and barred from getting any further than the lobby as soon as they fired him
When you go public you give up your right as "owner" of the company. Shareholders own it now. Rich people are retarded like that. Ted Turner loved running his media empire, then merged with AOL for some reason then he no longer had any power, but more money.
>>218622393History bros, is there a more Jewish court decision than Dodge v. Ford Motors?
>>218621788Because they were jews
>>218622460San Mateo County v. Southern Pacific Rail Road invented corporate personhood by arguing the 14th applied to business along with people
>>218622597If corporations have human rights, we should also be allowed to incarcerate and execute them
>>218621788Shareholders quite literally own the company.>>218621852Because going public is more about cashing out than anything. In finance capital, leveraging ownership to build wealth and reinvest that wealth is king. Actually creating and producing something is for suckers with no dimes (or rather need to come to you for dimes in exchange for ownership)
>>218623332Sounds jewish
>>218622995That's the scam. They get the protections that individuals get, but without the same liabilities and agency.