VetOfTheSeas@discuss.online to Business@lemmy.worldEnglish · 9 days agoSpaceX Stock Hits New Low Since IPO After Rocket Launch Called Offwww.businessinsider.comexternal-linkmessage-square9fedilinkarrow-up163arrow-down11cross-posted to: technology@lemmy.world
arrow-up162arrow-down1external-linkSpaceX Stock Hits New Low Since IPO After Rocket Launch Called Offwww.businessinsider.comVetOfTheSeas@discuss.online to Business@lemmy.worldEnglish · 9 days agomessage-square9fedilinkcross-posted to: technology@lemmy.world
minus-squarequadrant5835@lemmy.ziplinkfedilinkEnglisharrow-up4·8 days agoCan’t. He owns an huge majority of the shares, and got some crazy stipulation that his shares are worth 10x votes. The board has no power, and neither do shareholders. One of many reasons to steer clear of the stock as well as the NASDAQ 100 fund.
minus-squareMushuChupacabra@piefed.worldlinkfedilinkEnglisharrow-up2·8 days agoYou’re just clarifying that the removal will have to be by force. The fact remains: CEOs and other billionaires that fall upwards are a financial liability to shareholders. Throw money behind Musk or Zuckerberg, watch it swirl down the drain.
Can’t. He owns an huge majority of the shares, and got some crazy stipulation that his shares are worth 10x votes.
The board has no power, and neither do shareholders. One of many reasons to steer clear of the stock as well as the NASDAQ 100 fund.
You’re just clarifying that the removal will have to be by force.
The fact remains:
CEOs and other billionaires that fall upwards are a financial liability to shareholders.
Throw money behind Musk or Zuckerberg, watch it swirl down the drain.