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Re:Mozilla names new CEO as it pivots to data privacy by anonym29 on Thursday February 08, 2024 @10:56PM (#39311212)
Don't the shareholders elect the board members?
Re:Mozilla names new CEO as it pivots to data privacy by lmm on Thursday February 08, 2024 @11:34PM (#39311435)
Up to a point. Tesla has a staggered board, which is well-known as a technique for making it hard for shareholders to control the board, and in general it's very rare for shareholders to vote board members out even in companies with more shareholder-friendly charters. Support for Tesla's directors in their most recent election was well below the median, partly because ISS had recommended voting against them (which is again unusual), but didn't reach the level of removing them.
Re:Mozilla names new CEO as it pivots to data privacy by anonym29 on Friday February 09, 2024 @01:43PM (#39318607)
I didn't realize it wasn't as cut and dry as a simple majority vote among shareholders, thanks for teaching me something new :)