[jacquesm]

There is very little that a CEO can do that is unfair to investors short of defrauding them on purpose.

Investors are a rule are smart enough to realize that they - by virtue of being 'passive' - allow people that know more about the business to run it. Back seat drivers are hardly ever welcome as investors, if you're that good you should go and run another company, surely that's a better use of your talent then than to try to run a diversified fund.