Quote:
Originally Posted by spider
If 75% of the board has voted him out (and it's 75% of voting rights, not just shares - not always the same) - then that's going to be a tough one for Ron to get around.
It sounds like it's a done-vote - and now let's see what Ron responds with. You'd imagine he'd come out and say he's going if he wasn't going to dig heels in and fight it out.
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As I wrote earlier, it is not that simple. Both Dennis and Ojjeh have 25% shareholdings, and I believe at least 50% voting rights, and given the extremely close relationship between the two over so many decades, I think it highly unlikely that any other shareholder would be able to enforce a departure of Dennis if he doesn't wish to go.