koobus_venter1 t1_iycf4dp wrote on November 30, 2022 at 10:40 AM Reply to ELI5: If a company is public and a person owns 75% of the shares, can they be kicked out/fired by other board members? by OrdinarilyAliveHuman Nope, in fact it’s the opposite. If you are a share or stock holder, you own that proportion of the company. If you own a majority of the company you have more votes than any other owner would, and you can therefore vote out the board if you wish. Permalink 1
koobus_venter1 t1_iycf4dp wrote
Reply to ELI5: If a company is public and a person owns 75% of the shares, can they be kicked out/fired by other board members? by OrdinarilyAliveHuman
Nope, in fact it’s the opposite. If you are a share or stock holder, you own that proportion of the company. If you own a majority of the company you have more votes than any other owner would, and you can therefore vote out the board if you wish.