It should be against the law for an inventor of a company to be voted out of his own company. That is some nasty nonsense the United States allows. Trump should do an immediate EO and stop this.
You wrote: “It should be against the law for an inventor of a company to be voted out of his own company. That is some nasty nonsense the United States allows. Trump should do an immediate EO and stop this.”
I certainly hope that Mr. Trump does not do that. I don’t think he would even consider it for a second.
If the majority of the shareholders don’t want the inventor/founder of the company to run the company, it is their decision. If it is a bad decision, the shareholders will pay for it. After all, they put up the money, they own the company, they own the patents.
If an inventor does not want to lose control of his company, he should not take it public and if he does, he needs to retain ownership of a majority share of stocks to retain control. Of course, the decision not to take a stock public, might ultimately end up in the failure of the business, and the inventor ending up a poor man instead of a rich one.
On the other hand, if his invention has created a huge industry, it may be extremely profitable give up control of his massive company.
Besides which, if Pres. Trump did issue such an EO, the courts would never go along with it. And I think congress, which is heavily influenced by big money, would quickly pass legislation against it. In this case, it would be good legislation.
Don’t forget too, such an EO would destroy the ability of the inventor/founder to raise the capital he needs, and that could hurt economy immeasurably. Big industry needs big capital!