Quote:
Originally Posted by tranzformer
Guess you don't know business world that well. Majority share doesn't mean much unless you own 51% of the company and can single handly make decisions. TMC can't do that with FHI.
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Guess you don't know business world that well. Owning 51% of the company in no way means that you can "single handly make the business decisions" for the company unless you're part of hollywood movies like Mr. Deeds.
Most companies require
2/3 majority vote of shareholders for major decisions. In most states it's a legal requirement, and even where it isn't there are still laws to protect the minority shareholders and if the decisions don't make sense for the business they can sue the majority shareholder's pants off.