Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔

(Disclaimer: I have no idea how this works, which is why I’m asking)

  • @mojofrododojo@lemmy.world
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    12 months ago

    because they gain value with age? LOL… it’s not fine fuckin wine my friend.

    the people who buy that paper will want to be repaid, it’s not like a novelty.

    • @bjornsno@lemm.ee
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      01 month ago

      They do gain value with age, it’s called interest, and it’s the only reason banks give loans in the first place.