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A comment on A brief history of the U.S. trying to add backdoors into encrypted data (2016). Parent comment

Re:A brief history of the U.S. trying to add backdoors into ... by p-e-w on Saturday February 03, 2024 @09:16PM (#39246893)
> The company had about 230 employees, had offices in Abidjan, Abu Dhabi, Buenos Aires, Kuala Lumpur, Muscat, Selsdon and Steinhausen, and did business throughout the world.

That's a... really strange list of office locations, especially considering the relatively small number of employees.

> The owners of Crypto AG were unknown, supposedly even to the managers of the firm, and they held their ownership through bearer shares.

How does this work in practice? If management doesn't know who owns the company, how can the owners exercise influence on company business?

[ Parent | on HN ]
Re:A brief history of the U.S. trying to add backdoors into ... by quasse on Sunday February 04, 2024 @12:00AM (#39247757)
Via lawyer / legal representative if I had to hazard a guess.
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Re:A brief history of the U.S. trying to add backdoors into ... by p-e-w on Sunday February 04, 2024 @02:03AM (#39248252)
How does that representative prove that they really represent the owners, if the owners aren't known to management? How can they authorize someone without revealing identifying information?
[ Parent | on HN ]
Re:A brief history of the U.S. trying to add backdoors into ... by eviks on Sunday February 04, 2024 @04:06AM (#39248728)
Where would this need to really prove anything arise from? The intermediaries just hire and pay the managers, that's enough
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Re:A brief history of the U.S. trying to add backdoors into ... by ahazred8ta on Wednesday February 07, 2024 @03:15PM (#39293671)
Bearer Shares authorize the holder to show up at a shareholders meeting and vote to select certain representatives as board members. https://en.wikipedia.org/wiki/Bearer_instrument
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Re:A brief history of the U.S. trying to add backdoors into ... by anticensor on Sunday February 04, 2024 @06:26AM (#39249414)
Codify all the management policy in the main charter, leaving nothing else to the board to decide?
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Re:A brief history of the U.S. trying to add backdoors into ... by ahazred8ta on Wednesday February 07, 2024 @03:08PM (#39293598)
IIRC the CEO was part of the board of directors, but the other directors were anonymous or represented by proxies.
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