Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

If you own 90% of the stock you should be able to remove or replace all the directors, and once you do that your new directors can rehire you. There may be a lag if the company's charter prohibits shareholders from acting by written consent or calling special meetings, but even if that were the case, anyone owning 90% should not be out in the cold for long.


It depends on the agreement.

For instance you may retain the stock, but have explicit agreements where specific investors get to have a specified representation on the board. Then no matter how much stock you own, you can't get rid of those investors.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: