Comment by robocat
3 hours ago
Thank you for correcting me. I'm in an armchair but I did find this good article on the topic:
https://ilyastrebulaev.substack.com/p/who-controls-your-star...
3 hours ago
Thank you for correcting me. I'm in an armchair but I did find this good article on the topic:
https://ilyastrebulaev.substack.com/p/who-controls-your-star...
The board can sack the CEO, usually with a simple majority vote. That's just how boards work.
What's not normal is any kind of special investor right to sack the CEO unilaterally.