02-09-2023, 07:39 PM
(02-09-2023, 04:39 PM)Stooky Bill Wrote: Rather simplistic but 51% is a controlling stake, so Murdoch's team gained control. It really is that simple.
Yes perhaps they could have been nice and give the outgoing management a few weeks to get used to the idea and been sympathetic to their opinions.... but this happened in the real world.
51% control doesn't mean you can totally ignore the other 49% of shareholders though, you can cause change to happen with a far smaller shareholder (this is normally described as shareholder activism).
The reality is that those 49% of shareholders wanted what happened to happen; why else would you agree to a merger.
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