| ▲ | ralph84 3 hours ago | |||||||||||||||||||||||||
Voting control doesn't change management's fiduciary duty to all shareholders. The founders retaining voting control has worked out fine for Alphabet shareholders. | ||||||||||||||||||||||||||
| ▲ | collinmcnulty 3 hours ago | parent | next [-] | |||||||||||||||||||||||||
Yeah but SpaceX says you need 3% of the company to sue, so that fiduciary duty is never going to be enforced. | ||||||||||||||||||||||||||
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| ▲ | overfeed 2 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||
> The founders retaining voting control has worked out fine for Alphabet shareholders. Only after the cofounders brought in veteran "adult supervision" who offered guided the company with a steady hand, while Larry and Sergei were safely in their moonshot hobby project play-pens, away from the core products - an arrangement that would greatly benefit shareholders in Musk companies. | ||||||||||||||||||||||||||
| ▲ | colechristensen 3 hours ago | parent | prev [-] | |||||||||||||||||||||||||
It raises the bar to the courts for shareholder control. The Google founders are, lets say, more reliable than Musk when it comes to making sound business decisions. | ||||||||||||||||||||||||||
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