I thought he is the founder and owner of the company

gosh

Village Elder
#1
Wadau, I have always known that Bharat Thakrar founded and owns SCANGROUP yet today he has been sacked. How do you sack the owner of a company? How does that work? Hebu mnichanue.
 
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#4
Wadau, I have always known that Bharat Thakrar founded and owns SCANGROUP yet today he has been sacked. How do you sack the owner of a company? How does that work? Hebu mnichanue.
Ukikuwa na company yako. Uuze shares more than 50% to the public. They form a board of directors to run the company. They can fire you at any time. Steve jobs is a good example. Alifutwa kazi kama chokosh
 

gosh

Village Elder
#11
Ukikuwa na company yako. Uuze shares more than 50% to the public. They form a board of directors to run the company. They can fire you at any time. Steve jobs is a good example. Alifutwa kazi kama chokosh
But in this case he is the largest INDIVIDUAL shareholder with 13.68%. And the face of the company literally. Although I'm learning that he did incorporate WPP and now they are the largest shareholder. I didn't know this.
 
#14
Being the founder of a company has no legal benefits. What matters is who owns the shares of the company. You can start a company, sell a sizable number of shares and become a minority shareholder. In other words, unaeza jenga nyumba yako mzuri, ulete kunguru in the name of a wife, alafu baadaye akufukuze kama burukenge.
 
#15
It also depends na voting rights kwa board , company inaweza kuwa na board members wengi lakini ukiwa na alot of voting rights you control the board , board members can not vote you out a good example is Facebook Zuckerberg has around 20% ownership of Facebook but controls around 60% of the board voting rights , which means if everyone in the board goes against and try to voted him out , he can not be voted out.
It depends alot with how the company's board is structured .
 

Energizer

Village Elder
#16
It also depends na voting rights kwa board , company inaweza kuwa na board members wengi lakini ukiwa na alot of voting rights you control the board , board members can not vote you out a good example is Facebook Zuckerberg has around 20% ownership of Facebook but controls around 60% of the board voting rights , which means if everyone in the board goes against and try to voted him out , he can not be voted out.
It depends alot with how the company's board is structured .
Which is why most folks will retain there voting rights at atleast 51%.
 
#17
Being the founder of a company has no legal benefits. What matters is who owns the shares of the company. You can start a company, sell a sizable number of shares and become a minority shareholder. In other words, unaeza jenga nyumba yako mzuri, ulete kunguru in the name of a wife, alafu baadaye akufukuze kama burukenge.
That's not a good analogy juu hao shareholders walimlipa pesa. So ungesema ujenge alafu kunguru ikurudishie pesa alafu akufukuze.
 
#18
But in this case he is the largest INDIVIDUAL shareholder with 13.68%. And the face of the company literally. Although I'm learning that he did incorporate WPP and now they are the largest shareholder. I didn't know this.
Maintain 51% of share holding, and that gives you the majority votes in the company.
13.68% means he held 13.68 votes, anything above 50% is considered majority shareholders, and their votes decides.
 

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