Comment by IG_Semmelweiss
Comment by IG_Semmelweiss 2 days ago
You can have company control without having even a majority.
This is similar to what zuckerberg is doing with Meta. Supervoting Class A shares vs common shares, etc.
The arrangement is completely up to the governing docs of the entity.
The CEO does currently control the company without a majority.
Having less legal oversight generally refers to paperwork that needs to be done for the SEC.