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0 pointsJumpCrisscross2y ago0 comments

> could an employee bring a shareholder lawsuit for negatively impacting financial outlook

Tech employees are somewhat notorious for not enforcing their shareholder rights. Most companies, for example, ignore their books & records requirements under Delaware law, or force private sales to occur at terms favourable to management and the Board’s friends.

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clintonb2y ago

It all depends on the terms of the equity grant. You may get RSUs, but voting rights are retained by the founders or someone else.

JumpCrisscrossOP2y ago

> voting rights are retained by the founders or someone else

Voting rights are relatively irrelevant for minority holders. It's all the other rights, granted by contract and more importantly law, that tech employees can be generally regarded on to not exercise (or bullied into not exercising by management).

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