Timeline for Which laws prevent a corporation with a 51% stake in another firm from exploiting the minority shareholders?
Current License: CC BY-SA 4.0
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| Feb 23, 2021 at 15:48 | comment | added | Grade 'Eh' Bacon | Also as a side note - this answer is purposefully avoids concepts like 'corporate raiders' who achieve short-term shareholder success at the cost of long-term business profitability / employee layoffs, etc.. These are related but different concepts [as an example, activist investors are often not even majority shareholders, but rather investment companies that buy 10-30% of a company's stock which can be enough to achieve great influence over business decisions]. See more on that here: investopedia.com/terms/r/raider.asp | |
| Feb 23, 2021 at 15:21 | comment | added | Grade 'Eh' Bacon | Perhaps for most public companies, but this answer would also broadly apply to private corps, which can do anything they want, limited only by corp law, which will differ by jurisdiction. | |
| Feb 23, 2021 at 15:18 | comment | added | RonJohn | And don't most corporate by-laws require a 60% or 2/3 vote? | |
| Feb 23, 2021 at 14:42 | vote | accept | JamesG95 | ||
| Feb 23, 2021 at 14:34 | history | answered | Grade 'Eh' Bacon | CC BY-SA 4.0 |