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EVE New Citizens Q&A

 
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Corp stock
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HandofAmarr
Doomheim
#1 - 2011-10-13 19:26:52 UTC
Hi. I am thinking about starting a corp, but I don't understand corp stock. Is it required? How does it get created? What rights does it give the holder? Does stock changes always require a vote or can the CEO/director choose to create more at a whim?

Thanks
KaarBaak
Squirrel Team
#2 - 2011-10-13 19:37:24 UTC

The long and short of it is that corp stock is fairly irrelevant, but giving them to other people could cause you problems. I believe 1000 shares are created initially. If I were you, I'd just hold on to those/leave them in corp. There is no mechanism to get them back from someone if they don't return them voluntarily.

A short wiki article here.

Dum Spiro Spero
HandofAmarr
Doomheim
#3 - 2011-10-13 23:07:53 UTC
From reading the wiki, would it be correct that if someone else in the corp held all the stock, the CEO wouldnt have any options but kowtow since no new stock could be created without the stockholder's vote?
gfldex
#4 - 2011-10-14 02:08:28 UTC
HandofAmarr wrote:
From reading the wiki, would it be correct that if someone else in the corp held all the stock, the CEO wouldnt have any options but kowtow since no new stock could be created without the stockholder's vote?


The CEO can all the time start a vote on creating shares. Both the CEO and any holder of at least 5% got 1 vote.

The whole share-thing is not really designed but came about in a hurry. Move all shares to an alt of the CEO and never **** any directors off. Consider anything in the corp wallet and any corp hangars as being gone. (It will at some point.) You and your trusted partners have private wallets for a reason.

If you take all the sand out of the box, only the cat poo will remain.
Valemora
Caldari Provisions
Caldari State
#5 - 2011-10-16 02:14:06 UTC
As posted above, if you make a corp keep all the shares yourself, giving them out will not end well. Giving them away will lead to hostile takeover, or inactive members and you cannot operate as a corporation.
Keep it simple.
Herping yourDerp
Tribal Liberation Force
Minmatar Republic
#6 - 2011-10-17 01:20:16 UTC
you can give away shares and be fine just have i think its 51% yourself at all times...
95% of corps will never need to use shares but some corps like to give out shares as a way to keep track of who invested what in corp assets, but these are few and far between due to theft.