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

You're not making any sense. Unless the majority owner has a different share class with reduced voting rights then they can absolutely control the Board.


Yeah brainfart. What i meant to say that in a public company you are expected to choose.

Either you have control of the board or you are the CEO having control of the operations. Not both.


There is no such expectation. Some corporate governance experts prefer that the Chairman and CEO roles be split in order to prevent conflicts of interest and protect the rights of minority shareholders but there are many companies where a single person does both.


Bill Gates was chairman and CEO of Microsoft for the longest. Have things changed since then?




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

Search: