how can they boot him out of his own company? He could just fire the board.
Company valuation.
“He could just fire the board”
Did he have sufficient votes for this? Shareholders make these decisions.
> how can they boot him out of his own company? He could just fire the board <
It’s not really his company anymore. Out of curiosity - and because I can’t sleep - I looked it up. Over the years Bill Gates has sold most of his Microsoft stock. He now owns only about 1% of Microsoft!
Public company
He only owns 1.3% of shares
the same way apple removed steve jobs the first time.
how can they boot him out of his own company?Ask Papa John.
Gates owns less than 5% of Microsoft today.
I think his all time largest share was in the 20%-25% range.
Most of his stock went into his Foundation endowment.
He apparently did not own 51% of the stock
Companies have by laws too. So there may be many answers to your question