Re:WeWork’s CEO Makes Millions as Landlord to WeWork
by travisoneill1 on Wednesday January 16, 2019 @01:45PM
(#18923656)
To be predatory it has to be deceptive or complex in a way that leads people to misunderstand. This is not the case here. It is crystal clear that a non voting share gives the buyer no control over the company, and if he buyer accepts that then he should get no such control.
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Re:WeWork’s CEO Makes Millions as Landlord to WeWork
by mfoy_ on Wednesday January 16, 2019 @02:31PM
(#18924161)
What's complex is the ownership structure of any company with multiple classes of shares, especially with different voting weightings.
Simple would be "1 share = 1 vote".
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What's deceptive is the conflict of interest he created for himself that makes it unclear whether or not he is actually fulfilling his fiduciary duty.
Clear and conflict-free would be renting from someone unrelated, and renting his building out to different company.