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rekcusdo

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rekcusdo

Re: lijianch post# 406050

Thursday, 04/27/2017 12:53:46 PM

Thursday, April 27, 2017 12:53:46 PM

Post# of 800683
He's partly wrong, for your edification.

"enables them to control the direction of the company without any distraction from current common shareholders"

Majority shareholders owe a fiduciary duty to minority shareholders under the law. Therefore, the government would not be able to act on their majority stake without considering how it would affect minority owners.
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