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0 pointsbhouston6y ago0 comments

He has some type of captive control of SoftBank. Strange.

0 comments

Not of SoftBank, but of WeWork (looked it up: chairman of the board, holding lots of shares). If SoftBank wants free reign to "fix" WeWork as they think is best, they need to buy him out or otherwise convince him that it's in his best interest to let them.

EDIT: not majority of shares/voting power, he gave that up when stepping down

malandrew6y ago

I thought he already gave up the majority voting power a few weeks ago when trying to salvage the IPO. Does he still have that power?

detaro6y ago

Indeed, I apparently misread that. So probably still influential, but not majority.

wastedhours6y ago

He still has outweighted voting rights on his shares I think, but now at a non-majority level by the seems of it (I think the old model was 10 votes per share vs most other shareholders 1).

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greglindahl6y ago

When you owe someone a lot of money, you can make it their problem.

j / k navigate · click thread line to collapse

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detaro6y ago

EDIT: not majority of shares/voting power, he gave that up when stepping down

malandrew6y ago

I thought he already gave up the majority voting power a few weeks ago when trying to salvage the IPO. Does he still have that power?

detaro6y ago

Indeed, I apparently misread that. So probably still influential, but not majority.

wastedhours6y ago

He still has outweighted voting rights on his shares I think, but now at a non-majority level by the seems of it (I think the old model was 10 votes per share vs most other shareholders 1).

1 more reply

greglindahl6y ago

When you owe someone a lot of money, you can make it their problem.

j / k navigate · click thread line to collapse