WeDriftEternal t1_iybypdv wrote on November 30, 2022 at 6:46 AM

Probably no, although some exceptions apply

First, doing illegal things may allow them to vote you out regardless, but thats more a case-by-case basis.

So for pure voting, generally you have 1 share 1 vote. So if you own 75%, of course you can win any vote.

However, in some cases, its not 1 share 1 vote. Some shares may be worth more than 1 vote. This is by design. Stocks can be dividend into different "classes". So a Class A share may be 10 votes, and a class B share may be 1 vote.

So what happens if I own 75% of a company, but they are all Class B shares with 1 vote vs maybe someone who only owns 25% of the company, but those are Class A shares with 10 votes! Things get weird

In reality, its common for founders in the early stages of companies who sell off stock for money, to create these classes and get shares with more votes, so that while they may only own 25% of the company, they still have the majority votes.

OrdinarilyAliveHuman OP t1_iybyyym wrote on November 30, 2022 at 6:49 AM

Thanks for the response! I saw another comment that was also interesting. Assuming 1 share is 1 vote, would you still be able to loose your position/title in the company? If so, how?

WeDriftEternal t1_iybzfa7 wrote on November 30, 2022 at 6:55 AM

You would be able to win any vote. So it would have to be something other than that, like doing illegal things that may force you out or perhaps other shareholders doing nefarious things purposefully causing harm or crazy shit.

Pretty much when you get into these situations, some weird or illegal stuff needs to happen to push you out involuntarily.

OrdinarilyAliveHuman OP t1_iybzmf2 wrote on November 30, 2022 at 6:57 AM

Ah, so is that some legal process or does it happen within the company internally? There would have to be some independent arbiter, right? Otherwise they could just make something up to kick you out if they so choose to.

WeDriftEternal t1_iybzv5i wrote on November 30, 2022 at 7:00 AM

Companies lay out their rules in a document that says "these are the rules". Its generally pretty standard corporate stuff, of course, these rules can also be changed, especially by the person with the most votes... There isn't some independent authority, the company is in control of its owners, outside of any govt regulatory body rules to be followed.

By legal process, I mean, if you're doing illegal stuff you may be able to be kicked out, its all a case by case basis.

Metabolical t1_iydf2ol wrote on November 30, 2022 at 4:05 PM

You could vote yourself out!