You did? With 11% of the company?
> Amazon's chief executive officer (CEO) and founder, Jeff Bezos, is the company's biggest shareholder, with 55.5 million shares representing 11.1% of outstanding shares.
> Amazon's chief executive officer (CEO) and founder, Jeff Bezos, is the company's biggest shareholder, with 55.5 million shares representing 11.1% of outstanding shares.
Source: know someone who worked there. Bonuses were paid in the form of non-voting shares.
In other words: he has unilateral control of the company. Welcome to publicly traded companies. You don't need 51% to control the company.
But he's not a majority shareholder, since his percentage of ownership does not exceed 50%.
Bu that reasoning, if 1000 people each own 0.1% of a company, and one buys another out, then the person with 0.2% has "unilateral control of the company", implying that the other 99.8% could not stop the desires or action of the 0.2%.
This is nonsense. Any 3 of the 999 could stop the 1.