If you have more than 50% and your actions are deemed to be against the company the minority stakeholders can ask legally to take control. Even if no actions are taken but your statements appear incoherent
Minority owners can sue, but it doesn't mean they will win. Especially in this case spez is most likely the lightning rod for the board so Reddit can get a big fat IPO. If majority of the board is behind him, there's nothing minority owners can do except pray.
Investors are happy to preach and virtue signal about the 'S' in ESG until hundreds of millions is on the line. Then you won't hear a peep from them.
Investors are happy to preach and virtue signal about the 'S' in ESG until hundreds of millions is on the line. Then you won't hear a peep from them.