this post was submitted on 20 Mar 2025
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[–] bstix 8 points 21 hours ago (3 children)

Yes, he'd still be a large shareholder

If they fire him, he would sell. This would tank the stock value.

They're damned if they do and damned if they don't.

[–] PersnickityPenguin@lemm.ee 1 points 2 hours ago

His family members and deep associates are on the board, they voted to pay him $55 billion. They're all corrupt.

[–] AA5B@lemmy.world 2 points 12 hours ago
  1. Large shareholders can’t just sell. There are rules to prevent stock manipulation
  2. He’d be the first victim of tanking the stock. Not in his best interest
  3. He can’t sell any shares used for collateral
[–] ripcord@lemmy.world 11 points 20 hours ago* (last edited 20 hours ago)

The stovk price is also all vibes based around him.

Edit: he wouldn't sell, though. He couldn't sell that much. He also has a bunch of loans leveraged against his stock aa collateral. Those collapse if the stock price collapses.