This is plain truth, not nonsense. You can go and start a corporation any time. If it appears successful, you need to hire a CEO and a bunch of other people. At that time you'll own nearly all preferred shares that give control. Despite CEO will get maybe 5% and will run the company, according to laws, preferreds will give you a final say in everything and you can fire that CEO at any time. This is even more true with big execs: they hold nowhere near 5%.