Not really. It depends on the type of shares they own. And in most cases the controlling majority, which is always board and owners can make decision themselves by, sigh.... voting.
Mark Zuckerberg owns or controls 88.1 percent of Facebook's Class B shares, which each have 10 votes at the annual meeting—3.98 billion votes overall. There are only 2.4 billion Class A shares, which are the only shares ordinary investors can buy. So any proposal Zuckerberg doesn't like will fail by nearly a 2-1 margin, assuming all Class A investors vote together, which never happens. (Zuckerberg owns 0.5 percent of the Class A shares.)
So my point was is the fact the company is public doesn't mean it's kinda like socialism public :) There are billions and billions and billions convoluted mazes there.
It means that a still more glorious dawn awaits, not a sun rise, but a galaxy rise, a morning filled with 400 billion suns; the rising of the Milky Way.
Not really. It depends on the type of shares they own. And in most cases the controlling majority, which is always board and owners can make decision themselves by, sigh.... voting.
For example copypasta from https://phys.org/news/2019-04-facebook-shareholders-fed-zuckerberg.html
Mark Zuckerberg owns or controls 88.1 percent of Facebook's Class B shares, which each have 10 votes at the annual meeting—3.98 billion votes overall. There are only 2.4 billion Class A shares, which are the only shares ordinary investors can buy. So any proposal Zuckerberg doesn't like will fail by nearly a 2-1 margin, assuming all Class A investors vote together, which never happens. (Zuckerberg owns 0.5 percent of the Class A shares.)
So my point was is the fact the company is public doesn't mean it's kinda like socialism public :) There are billions and billions and billions convoluted mazes there.
Carl Sagan reference?
Sorry no idea what it means
It means that a still more glorious dawn awaits, not a sun rise, but a galaxy rise, a morning filled with 400 billion suns; the rising of the Milky Way.
One of Carl’s catchphrases was “billions and billions and billions”