Quote:
Originally Posted by Alias
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. |
Exactly, especially in publicly traded companies the "majority shareholder" tends to own 10% of the company or less. Majority shareholder also tends to mean the shareholder who controls the most shares, not the shareholder who controls 51% of the company.
In the case of FHI, it does look like Toyota is the majority shareholder:
http://www.fhi.co.jp/english/ir/share_info/share.html