It is possible because the majority of shares had been controlled by insiders and shareholders who benefited from favorable terms. It neglected the multitude of smaller shareholders. Option or share compensation have not come close to reflecting shareholder wellbeing. I have voted against their shares for some time. Mostly because of promises implied and if fulfilled they were done so with very elongated timeframes. That is how. I think he wins the case and when the management starts meeting shareholder expectations I will then vote for bonuses. Reasonable bonuses. They need to run the company as a public company. Not a personal piggy bank.
“How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already? “
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