Replies to post #149445 on Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

“We are the employers not Kim.“

If you want to look at things in that perspective, then we are the employers and so is kim...

since we own shares, we have an interest inthe company...sort of a partial ownership...

Kim owns hundreds of millions of shares...does that not make him a partial owner...add in the fact that he also runs the company, hires and fires and pays himself what ever he chooses and makes all the decisions...

He’s really not an employee in any sense...

Normally, the board of directors hires the ceo...kim IS the board of directors and chairman of the board..he hired himself...and he cannot he fired unless he decides to fire himself...

Is there ANYTHING about any of this that sounds like kim is an employee?...

It is a public company that for all intents and purposes is run exactly like a private company...

[WebSlinger]

<< We are the employers not Kim.

Kim is not the company. He is just the guy steering it. An employee paid by the company made of shareholders. >>

While that might usually be the case for many companies, there is one HUGE difference with KBLB. Shareholders have absolutely NO power with KBLB.

In many companies, shareholders can come together and pressure a company into changing direction.

But shareholders hold no such power at KBLB. Kim owns special voting shares in the company, which means he has absolute (dictatorial) control over the company. And that will NEVER change (as long as he so desires).

So you are NOT his employer. He is his own employer. He decides the direction of the company, who to hire and fire, and how much to pay himself and others. No one else holds that power within the company, nor ever will.

If Steve Jobs had the same power that Kim has, he would have never been ousted from Apple, and the history of Apple would have been VERY different.