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261 points markx2 | 2 comments | | HN request time: 0s | source
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lenerdenator ◴[] No.43560875[source]
Given what I know of the situation (which admittedly isn't much), wouldn't the best course of action be to shitcan the CEO?
replies(2): >>43561002 #>>43561023 #
dangrossman ◴[] No.43561023[source]
From Reddit discussions, if they can be trusted, there is nobody who can remove Matt from any position. It's a private company and the investors were given non-voting shares.
replies(3): >>43561058 #>>43562038 #>>43563398 #
1. rs186 ◴[] No.43563398[source]
I am confused -- so if investors don't like the CEO, there is nothing they can do? Other than maybe taking their part of the money out?
replies(1): >>43569691 #
2. wavemode ◴[] No.43569691[source]
Even "taking their part of the money out" is not guaranteed. Again, it's a privately traded company, so there's no open market. You have to find someone willing to buy your shares from you and make a deal with them.