359 Look who owns majority share in PayPal!! (media.greatawakening.win) ⬛ Blackrock - Cult of Saturn 🪐 posted 2 years ago by thephantom1979 2 years ago by thephantom1979 +359 / -0 68 comments download share 68 comments share download save hide report block hide replies
That all may be so but you are using industry terminology as a “layman’s “ term that is different than the industry term definition. I’m just clarifying that vanguard does not have a “majority or “controlling” interest in the technical sense.
Controlling to me means who can make decisions at the operational level.
If you cannot make decisions. You do not have a controlling interest.
Most public companies have diluted shares that are spread across 1000s of people.
To take a majority.
All you would need is 8% compared to everyone else.
When you say they don't have a majority.
I am assuming that you are saying this because 92% of the shares are outstanding.
That is very true. But that 92% is broken up into small pieces among 1000s of shareholders.
So if I buy 100 shares of Microsoft. That is not enough to compete against the number of shares that Blackrock has.
Therefore... they will have a seat at the table compared to me.
I understand your point and think you have a good point except you keep using the word “majority.” Majority literally means more than half.
Fair enough.