"Almost all of the shares [COB+CEO] controls get ten votes each, but public shareholders only get one vote per share. That gives [COB+CEO] over 50% of the voting power even though he only owns about 16% of the shares."
Question: In this situation, if the person serving as COB+CEO is "incompetent" (e.g., "absentee"), what can shareholders do, besides divesting their holdings?
Source:
Todays Wall Street Journal
Author: