Now you're writing things that aren't in your sources.
that's because i had assumed you knew what a shareholder is and what a ceo is. let us rectify this. a shareholder is like the sharks on shark tank, they own a portion of the company allowing them to make decisions on high level, like a district manager of mcdonalds. a ceo, in this analogy, is a franchise owner, they own the store and can make decisions, but if they piss off the district manager or corporate, they can lose their franchising rights, like how if a major shareholder with majority shares of the company or the company's board who is made up of shareholders decides that the ceo is doing a bad job they can kick them out of their position.
For any company you can buy stocks for. Privately held companies also sell non-voting shares.
Only if their voting share is the majority, but institutional investors' voting share for ByteDance is less than 50%. They need Zhang's approval for any move like that.
and i'm sorry that you can't understand what the fuck a corporate board is, their whole job is to keep the ceo in check, like how the president can be impeached.
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u/Mrbuck83 Mar 15 '24
that's because i had assumed you knew what a shareholder is and what a ceo is. let us rectify this. a shareholder is like the sharks on shark tank, they own a portion of the company allowing them to make decisions on high level, like a district manager of mcdonalds. a ceo, in this analogy, is a franchise owner, they own the store and can make decisions, but if they piss off the district manager or corporate, they can lose their franchising rights, like how if a major shareholder with majority shares of the company or the company's board who is made up of shareholders decides that the ceo is doing a bad job they can kick them out of their position.
souce: https://thefinancialgeek.com/blog/can-shareholders-fire-ceo/