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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.14 15:30:00 -
[1] - Quote
Example: Corp total share: 50 million shares
CEO owns 40m shares
No directors owned any shares.
Investors owned 10m shares (not even a member of the corp)
How the voting system works in this scenario?
What are the risks for CEO to lose leadership of that corp?
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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 05:36:00 -
[2] - Quote
J'Poll wrote:
Sorry, but according to your previous post, you already knew all the ins and outs.
So...figure it out yourself.
Where did I claim that?
5% is the number all I know (A shareholder inside a corporation that holds more than 5% of the shares, can force a vote to take over CEOship of the corporation), I'm just asking how this applied in practice. |
Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 08:38:00 -
[3] - Quote
Forest Archer wrote: But basically the vote is iniated only one vote needs to be cast even if it's one share. Vote ends after some time and what votes were cast determines action.
This should be a bug. How can 50million share floating corporation can lead by just one share? 5% means 2.5 million share is needed for a corp (50 million total shares). |
Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 11:33:00 -
[4] - Quote
This is not true. How do I know this? I own 20k shares some other corp. There is nothing I can do except collecting dividends corp regularly shares. So voting power of non-directors seems only connected to 5% or something. No need too much paranoia for CEO's. Of course you shouldn't give director position to someone you don't trust. By the way there is no such thing as trust not in EVE nor in RL I guess. Just rules, power and networking. |
Quant Predictorian
Futarchist Singularitists
6
|
Posted - 2014.06.15 13:49:00 -
[5] - Quote
J'Poll wrote:
If you have a population of 50 million people and only 1 million go to vote, the 49 other people are not counted.
Totally agree on this.
J'Poll wrote:
What you want is complete protection against harm, good luck finding that in EVE, specially if you run a corp who hands out shares to non other then yourself.
I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.
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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 19:14:00 -
[6] - Quote
J'Poll wrote:
OP, you do know that if you give me shares, I can forward them to an alt that I placed into your corp and thus get a run for CEO vote to go through with enough shares.
Can you do that with less than 5% of total shares?
Can you do that with non-director position or even non-member of a corp?
How can you do that if only 4.99% of shares are floating and while other 95.1% held by a CEO?
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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.16 04:43:00 -
[7] - Quote
J'Poll wrote:
So, please, go ahead with your plan. I will be watching it with hawk eyes to see when you lose your entire corp.
You don't know this bank and its shares. Don't you?: https://forums.eveonline.com/default.aspx?g=posts&t=322582
The guy leading the bank sold shares at the start. When it reaches the certain level (5% below), he stopped and two ways he have: stock dilution or change business plan (instead of selling shares, he started selling corp bonds). I know this thread requires more than average knowledge of RL business and economics. Sorry to not mention at the start of the thread. I've just started this thread to know corp share mechanics of the game, and I've enlightened now. Thanks everyone, especially J'Poll to add additional paranoia on my business plan. But no I don't buy it.
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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.16 19:24:00 -
[8] - Quote
DaReaper, these are manageable paranoias. I'll go with my business plan. Thanks for all inputs. |
Quant Predictorian
Futarchist Singularitists
7
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Posted - 2014.06.23 18:01:00 -
[9] - Quote
Zaxix wrote:Quant Predictorian wrote:DaReaper, these are manageable paranoias. I'll go with my business plan. Thanks for all inputs. You seem resistant to good information. Here's some advice: google Titans4U, Bad Bobby, and Brock Nelson. What isn't mentioned here, possibly because many people aren't aware of it, is what all of this means in the context of an alliance. People forget that Directors have the power to set a corporation's support for the executor corporation. They also forget how corporations are accepted into an alliance. Throw in some shares, a CEO on vacation, and a single crafty director and you've got the recipe for some serious mayhem. If that character also has roles in other corporations in that alliance or is working with someone who does, you are screwed.
This is why you shouldn't give director position to someone else. Right? Its like you're giving banking information to hackers in RL. So, you should know your directors, possibly face to face connection is better before giving a director position to someone else. And still you won't be safe even if you know your directors in RL. |
Quant Predictorian
Futarchist Singularitists
9
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Posted - 2014.06.26 08:34:00 -
[10] - Quote
Yes, shell corps are important. ISK transfers between the shell corp and an active corp should be well-documented via quarterly or monthly financial reports for shareholders and possible new investors. According to Koniforous, non-member of a corp can't start a vote, only can participate the existing votes. So, no more paranoia. Is that correct? Are shell corps safe with that setup Koniforous mentioned? |
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