Unacceptable: Toyota/Subaru among group of auto manufacturers supporting SOPA.

[MiguelAE86]

This SOPA thing isn't going to happen lol, chill.

[Spaceywilly]

Here is the breakdown of FHI's ownership. The next largest owner after Toyota is only 4.4%

http://www.fhi.co.jp/english/ir/share_info/share.html

[tranzformer]

Originally Posted by Spaceywilly

Here is the breakdown of Subaru's ownership. The next largest owner after Toyota is only 4.4%

http://www.fhi.co.jp/english/ir/share_info/share.html

When shareholders meet, they all have voting rights according to the number of shares they hold. 83.52% > 16.48%.


A theoretical example would be TMC putting forth a motion to take control over Subaru and make it their sporty/outdoor/active lifestyle brand. They would put that forth to voting and the shareholders would vote yes or no. So all of Toyota's share's would vote yes (16.48%), but say all the other shareholders vote no (83.52%) since it would hurt the company (FHI) and their profit margin, brand image and companies long term plan. So the motion would not pass, even if Toyota owns the largest singly-owned group of shares since there are more shares outside of their own who also have voting power.

[Longhorn248]

Originally Posted by MiguelAE86

This SOPA thing isn't going to happen lol, chill.

I'd bet that money that unless some of the "big boys" of the internet don't take some drastic steps to get people to protest this thing that it will get passed with hardly anyone knowing about it.

[tranzformer]

Originally Posted by Longhorn248

I'd bet that money that unless some of the "big boys" of the internet don't take some drastic steps to get people to protest this thing that it will get passed with hardly anyone knowing about it.

Yeah I agree. Just like the Patriot Act got passed without anyone really knowing anything about it. From what I remember back 10 years ago, I believe the Patriot Act got voted on the same month as the anthrax attacks on the House/Senate. I remember some congress members stating they really didn't have time to read it over due to everything going on and just decided to vote in favor since it sounded like a good idea without reading the complete bill.

[Dark]

Originally Posted by tranzformer

For controlling interest in a company it would normally be 50% + 1.




http://lexicon.ft.com/Term?term=controlling-shareholder


17% does not give you control of the company as there is 83% of the shares still out there. Also depends on the company if you need a 50% +1 to pass a motion or if you need the super-majority of 2/3rds to back a motion. 17% ≠ majority share holder. It does equal largest single-owned group of shares.


Back on topic, I hope SOPA never gets passed as it is too much government control in our lives.

Your right. It's at least 51% of overall share for final decision. Sorry about some confusion.

Back to the topic. I hope so too since I don't like the idea one bit.

[tranzformer]

The question regarding the SOPA is how does it affect the automakers to support it? Are they really affected by electronic pirating/copy-right material? I could understand movie companies, recording labels, artists, game developers...etc. Is this just the corporate powerhouses taking the easy line and just supporting it so they follow the others? I doubt this was put up to vote to the board/shareholders. If anything it was maybe a CEO/VP or PR person who decided to publicly state their opinion on the matter. Not sure we should take it as the whole companies viewpoint.

[Dark]

Originally Posted by Spaceywilly

Here is the breakdown of FHI's ownership. The next largest owner after Toyota is only 4.4%

http://www.fhi.co.jp/english/ir/share_info/share.html

LOL, I wonder if they give right to big stockholders to vote?

[VenomRush]

who cares

[old greg]

Fuji Heavy Industries is not a member of the Auto Alliance. How hard is it to Google this shit?

[Mitch]

Originally Posted by old greg

Fuji Heavy Industries is not a member of the Auto Alliance. How hard is it to Google this shit?

Correct, but the friend (and partial owner) of my enemy is my enemy. Pressure on Subaru and Toyota exerts more pressure on Toyota than pressuring Toyota alone.

[Slide]

Originally Posted by Longhorn248

I'd bet that money that unless some of the "big boys" of the internet don't take some drastic steps to get people to protest this thing that it will get passed with hardly anyone knowing about it.

So what can be done?

especially if it can effect stuff in Australia as well I don't want that shit to spread!

[old greg]

Originally Posted by Slide

So what can be done?

especially if it can effect stuff in Australia as well I don't want that shit to spread!

Nothing, the United States government is bought and paid for. When it passes, it will spread throughout the entire western world in less than a decade (Just like the DMCA) and the internet as we know it will die.

[Longhorn248]

Originally Posted by VenomRush

who cares

Obviously no one in the government loving state of California.