Shareholders have absolutely no say about what a company does.
Invested employee shareholders don’t even have a say. people who say this have no idea what they’re talking about.
I’m a Shareholder of AMD at an average price of 23.80 and AMD has never sent me a letter in the mail saying “Hey, we really want to do this thing but we wanna make sure this is okay with you.”
No its not - she is adamantly refuting your view.
Good discussion so far.
munch munch munch
Yeah, you have zero idea what you are talking about. Sit down, please. Go to a party.
I literally make my living on the stock market trading option contracts mostly. If you think the small peanuts have ANY say in what a multi billion dollar company does, you’re actually incredibly mislead into a fictional world
Edit: I currently have a call credit spread on SPX (S&P500) whcih is purely an intsturment for options trading. SPX is a culmination of many corporations.
How come I haven’t been contacted by every single one of them, since I control a small portion technically?
Because my money is literally not even peanuts to banks.
No one is saying the little guys who have some stocks in the company have a say. They don’t.
They are talking about the board of investors, which certainly do have a say on when things release for a multitude of reasons already listed.
Alright, alright… look, shareholders CAN make executive decisions.
The board can too.
It depends on how the corp was incorporated, and what type of stock a shareholder owns.
No, I’m not a ceo or on a board… but I’ve studied the law and had to wade through Burton’s books to make sure they had their act together .
Just look at the bylaws. But a board certainly can drop the hammer on the ceo for reason.
They cannot
EA and Activision are the two big players.
They buy up successful game companies and bleed them dry.
Yeah…it’s bad when the bean counters get to call the shots.
And it’s not just gaming companies but others as well.
Shareholders cannot. Shareholders VOTE. They can get items listed on the proxy for votes and big holders can have some sway but none of them can make “executive decisions”.
No, they can’t. Only the board can make decisions. If a shareholder wants to make decisions, then they need to get onto the board of directors, which has to follow the company’s process for doing that. The only involvement the shareholders are allowed to have in making decisions on the operation of the company is anything the board puts up to a shareholder vote, which is usually when it comes to merging or buying out companies.
You specifically have to have a board of directors for the operation of your business, or else you can’t be incorporated. The shareholders cannot be involved in the operation of the business. There’s actually laws against it that can cost a ton.
What most of you are not getting is very simple.
Here, I will make it easy for you.
Every square is a rectangle
Not every rectangle is a square.
Every board member is a shareholder
Not every shareholder is a board member.
If you had read through the entire thread you would have seen where I clarified what I was saying (and said in my original post). so let me spell it out since you can’t be bothered to actually read…Shareholders while correct they can’t direct a company what to do…Blizzard is obligated to protect their interests and return their investments…so Blizzard’s decision making is about appeasing them and returning their investment FIRST AND FOREMOST before they take what the consumer has to say into account.
They sure think they do. It’s like Enron never happened or something.
You try convincing these people of that. They’re all armchair BizOrgs experts or something. I bet not a one of them even owns a stock.
They’re not obligated to necessarily care for shareholder, but they’re obligated to care about their share price because their share price correlates to their value as a company. This is why you have a bunch of PR and why the markets are individually effected by quarterly earnings. Shareholder tend to sell shares based on poor performance/news coming from a company which depreciates the value of the company and can even depreciate it to nothing.
Good news and good earnings generally increases the value and shareholders are more likely to buy shares.
The company’s performance effects the value more-so than shareholders. When a company has some PR talk saying “we value our shareholders” usually means “but but im telling you, we are worth way more than what you guys are actually trading (valuing) us at”
Not every board member is a shareholder. Not even close.
… The blizzard ones are, you can literally look it up.
So do you just assume most of the time too?
Hmmm, but what if I own option contracts on a stock/ETF that CONTROL the price of 100 shares?
I’m sure you have no idea. But what am I talking about, I’m 12 years old and dropped out of college with a neckbeard to my knees.
So in other words…you’re saying the same thing I am. The original post of mine was meant in jest, but the post as a whole said basically the same thing. That Blizzard if the want to continue growing as a company needs to protect the interests of its shareholders first and foremost. Otherwise, they won’t continue to maintain the investments in the company and have no hope of growing those same investments.