It’s not sad, voting by ownership stake is how nearly all companies are controlled.
This shareholder should completely have had his view steamrolled from a “what he thinks the company should do” perspective. However, he is definitely entitled to file a lawsuit if he thinks there was governance fraud.
And he did have his court case and for now he's won it (I'm sure it will be appealed). It seems like the legal system is working as intended in this instance.
> 3 days ago [–]. So you do think might makes right. That's sad
“Might makes right” is how literally every shareholder vote and by proxy how every share ownership company is driven. Might doesn’t make right for actual law violation, but that’s not what the comment scopes it to.
This shareholder should completely have had his view steamrolled from a “what he thinks the company should do” perspective. However, he is definitely entitled to file a lawsuit if he thinks there was governance fraud.