Wouldn’t investors fire Dario and replace him with someone who would maximize profits?
Note: My understanding is that, as of November 2024, the Long-Term Benefit Trust controls 3 of 5 board seats, so investors alone cannot fire him. However, a supermajority of voting shareholders could potentially amend the Trust structure first, then replace the board and fire him.
Seems worth someone tracking who the major shareholdrs are and how many voting rights they hold—e.g. I’d bet the house that Jaan Tallinn would be against this, so it’d be good to know if there are enough to support him to ward against possibilities like this.
Wouldn’t investors fire Dario and replace him with someone who would maximize profits?
Note: My understanding is that, as of November 2024, the Long-Term Benefit Trust controls 3 of 5 board seats, so investors alone cannot fire him. However, a supermajority of voting shareholders could potentially amend the Trust structure first, then replace the board and fire him.
Seems worth someone tracking who the major shareholdrs are and how many voting rights they hold—e.g. I’d bet the house that Jaan Tallinn would be against this, so it’d be good to know if there are enough to support him to ward against possibilities like this.