Sorry, total fail in that first paragraph, and I missed the edit window. I should have said: I think doing anything else (e.g., giving a company asset to a founder) would require all investors to agree.
Yeah in a bankruptcy, definitely. I was thinking back to my last company, which we wound down in an orderly fashion, so only the shareholders mattered. But I definitely said bankruptcy, where it's creditors (and, I suppose, the judge who approves the settlement) who matter.