[ubermonkey]

The big answer is "no."

I mean, look at Meta. The stock you can actually buy through your broker is not actually a stock that can control the company, so in a very real sense it's not a "share" in Meta. Zuck controls nearly all the "preferred" shares that have supervoting privileges, so he can operate it as though it's essentially a private firm. The board, which in a conventional public company could exercise control over the CEO, has no ability to remove him.

[jwatte]

Voting rights in founder-led public companies, and liquidation preference rights in private investments, are very different things.