@BwanaBob posted:I did not know privately held companies could work that way. I would have thought the majority stake holder would be the owner and that their word would be the law of the company. No one forces anyone to be a junior partner, and to give them any veto power seems crazy to me.
Privately held, not publicly traded. And there is no “junior partner.” This isn’t a partnership company, like a law firm.
The company has a board of directors. That’s who runs the company. You need to study business a little more to understand the dynamics.
