“My fellow Americans, the Storm is upon us......."
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Does owning 9% of a company give you control of it?
Certainly you are a big fish, but don't you really need 51% to control a company?
Or can Elon form a coalition with 42% of other stockholders to make changes?
He has more stock in Twitter than Dorsey.
Yes, he can fix it.
but that means nothing. Dorsey only had power as CEO, which he is no longer
No...he will have some influence obviously, but hands-on control, no. He would have to work with the board of directors to create change. Of course, he could undertake a hostile takeover... that is a possibility. Either way though, I bet Jack's days are numbered.
9% ?
Just because you are the largest shareholder doesn't mean you control the company. 91% of the owners may disagree with you.