And how do you come to this conclusion with a certainty, that you can say that in a forum? I don’t think he will, there is no evidence for that. Or does he have a bad track record?
If the shares are retractable, then the corporation can buy them back whenever they feel like it. The shareholders consented to this at the point of allotment, because they are supposed to have read the articles before purchasing.
The monostructure of shares is one of those things that movies/t.v. shows nearly always gets wrong. I was happy that Succession got it right, because they definitely needed to for that story.
If you’ve ever heard “I now own 51% of this company!!” on a show, they are hand-waiving things so hard. Some resolutions need a larger than 2/3 majority by the laws of the country/region for specific tasks, and some corporations have extremely restrictive quorum requirement.
Why?
Because the part where he bought shares from employees was omitted. Make no mistake, he will slaughter GOG the moment his eyes turn into dollars
And how do you come to this conclusion with a certainty, that you can say that in a forum? I don’t think he will, there is no evidence for that. Or does he have a bad track record?
That’s a pretty standard process for a company acquisition. You buy 100% of the shares of the company, including those held by employees.
They must’ve agreed to this though, right? You can’t just steal shares. (?)
Depends on the share structure.
If the shares are retractable, then the corporation can buy them back whenever they feel like it. The shareholders consented to this at the point of allotment, because they are supposed to have read the articles before purchasing.
The monostructure of shares is one of those things that movies/t.v. shows nearly always gets wrong. I was happy that Succession got it right, because they definitely needed to for that story.
If you’ve ever heard “I now own 51% of this company!!” on a show, they are hand-waiving things so hard. Some resolutions need a larger than 2/3 majority by the laws of the country/region for specific tasks, and some corporations have extremely restrictive quorum requirement.
I see, thanks for these insights!
You can. We have a whole country of Russia where the shares were stolen after the Soviet Union collapsed.
I hope this isn’t what happened here.
Depends. Employees can be forced to sell their shares. There are also other scenarios where shareholders are forced to sell for other reasons.