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A comment on Former NSA chief Keith Alexander has joined Amazon’s board of directors. Parent comment

Re:Former NSA chief Keith Alexander has joined Amazon’s boar... by tw04 on Wednesday September 09, 2020 @09:09PM (#24427864)
Which would make him the majority shareholder. By a margin of 5% - almost double the next largest shareholder and more than the next dozen shareholders combined.

In other words: he has unilateral control of the company. Welcome to publicly traded companies. You don't need 51% to control the company.

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Re:Former NSA chief Keith Alexander has joined Amazon’s boar... by jkaplowitz on Wednesday September 09, 2020 @09:28PM (#24427961)
He's a de facto controlling shareholder due to how comfortably secure his plurality is, absolutely. And he's got a significant amount of de jure control by being Amazon's President, CEO, and Chairman of its Board of Directors. It's under his control in many real senses.

But he's not a majority shareholder, since his percentage of ownership does not exceed 50%.

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Re:Former NSA chief Keith Alexander has joined Amazon’s boar... by ChrisLomont on Wednesday September 09, 2020 @09:51PM (#24428112)
>he has unilateral control of the company

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.

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Re:Former NSA chief Keith Alexander has joined Amazon’s boar... by robertlagrant on Thursday September 10, 2020 @10:46AM (#24432825)
No, welcome to online opinions of companies.
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