Comment by angry_octet
12 hours ago
Regardless of who he puts on the board, directors have legal obligations to the SEC and all shareholders. If he wants that level of control he would need to take the company private, and various investor agreements probably prevent this.
> If he wants that level of control he would need to take the company private, and various investor agreements probably prevent this.
Since when was Automatic a public listed company?
It is not. They did take VC funding however, which is when the board and the investor agreements came into force.
I should have said: establish sole ownership.