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Vote power of shareholders
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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#1 - 2014-06-14 15:30:25 UTC
Example: Corp total share: 50 million shares

CEO owns 40m shares
No directors owned any shares.
Investors owned 10m shares (not even a member of the corp)

How the voting system works in this scenario?

What are the risks for CEO to lose leadership of that corp?

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
Zaxix
State War Academy
Caldari State
#2 - 2014-06-14 18:13:39 UTC
https://wiki.eveonline.com/en/wiki/CEO_replacement
https://wiki.eveonline.com/en/wiki/Shares
https://wiki.eveonline.com/en/wiki/Votes

Keep in mind that if someone meets the conditions to initiate a takeover, it doesn't matter how many shares the CEO has if he doesn't or can't vote.

Bokononist

 
J'Poll
School of Applied Knowledge
Caldari State
#3 - 2014-06-15 00:07:00 UTC
WHAHAHAHAHA.

Sorry, but according to your previous post, you already knew all the ins and outs.

So...figure it out yourself.


p.s. Directors don't need shares

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

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Forest Archer
State War Academy
Caldari State
#4 - 2014-06-15 00:21:38 UTC
If the CEO goes afk for 1 day corp can be lost in your situation.

Always willing to help all you have to do is ask, though if you're in the other fleet I may not help the way you want. Just a heads up. Pub Channel: Lost Souls Trading Post
Quant Predictorian
Center for Advanced Studies
Gallente Federation
#5 - 2014-06-15 05:36:01 UTC  |  Edited by: Quant Predictorian
J'Poll wrote:

Sorry, but according to your previous post, you already knew all the ins and outs.
So...figure it out yourself.

Where did I claim that?

5% is the number all I know (A shareholder inside a corporation that holds more than 5% of the shares, can force a vote to take over CEOship of the corporation), I'm just asking how this applied in practice.

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
Forest Archer
State War Academy
Caldari State
#6 - 2014-06-15 07:55:45 UTC
J'poll is probably referring to another thread, as for the vote, the vote does not have to be from someone inside the corp. and the person who initiates the corp does not need to the new candidate for CEO. But basically the vote is iniated only one vote needs to be cast even if it's one share. Vote ends after some time and what votes were cast determines action.

Always willing to help all you have to do is ask, though if you're in the other fleet I may not help the way you want. Just a heads up. Pub Channel: Lost Souls Trading Post
Quant Predictorian
Center for Advanced Studies
Gallente Federation
#7 - 2014-06-15 08:38:03 UTC
Forest Archer wrote:
But basically the vote is iniated only one vote needs to be cast even if it's one share. Vote ends after some time and what votes were cast determines action.

This should be a bug. How can 50million share floating corporation can lead by just one share? 5% means 2.5 million share is needed for a corp (50 million total shares).

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
Forest Archer
State War Academy
Caldari State
#8 - 2014-06-15 10:27:31 UTC
This why no one gives out shares.

Always willing to help all you have to do is ask, though if you're in the other fleet I may not help the way you want. Just a heads up. Pub Channel: Lost Souls Trading Post
Quant Predictorian
Center for Advanced Studies
Gallente Federation
#9 - 2014-06-15 11:33:50 UTC
This is not true. How do I know this? I own 20k shares some other corp. There is nothing I can do except collecting dividends corp regularly shares. So voting power of non-directors seems only connected to 5% or something. No need too much paranoia for CEO's. Of course you shouldn't give director position to someone you don't trust. By the way there is no such thing as trust not in EVE nor in RL I guess. Just rules, power and networking.

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
J'Poll
School of Applied Knowledge
Caldari State
#10 - 2014-06-15 13:43:12 UTC
Quant Predictorian wrote:
Forest Archer wrote:
But basically the vote is iniated only one vote needs to be cast even if it's one share. Vote ends after some time and what votes were cast determines action.

This should be a bug. How can 50million share floating corporation can lead by just one share? 5% means 2.5 million share is needed for a corp (50 million total shares).


Just like real life.

If you have a population of 50 million people and only 1 million go to vote, the 49 other people are not counted.

What you want is complete protection against harm, good luck finding that in EVE, specially if you run a corp who hands out shares to non other then yourself.

Have fun logging in every single day, just to check if nobody tries to kick you from CEO position.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
Quant Predictorian
Center for Advanced Studies
Gallente Federation
#11 - 2014-06-15 13:49:31 UTC
J'Poll wrote:

If you have a population of 50 million people and only 1 million go to vote, the 49 other people are not counted.


Totally agree on this.

J'Poll wrote:

What you want is complete protection against harm, good luck finding that in EVE, specially if you run a corp who hands out shares to non other then yourself.


I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
J'Poll
School of Applied Knowledge
Caldari State
#12 - 2014-06-15 14:55:06 UTC
Quant Predictorian wrote:
J'Poll wrote:

If you have a population of 50 million people and only 1 million go to vote, the 49 other people are not counted.


Totally agree on this.

J'Poll wrote:

What you want is complete protection against harm, good luck finding that in EVE, specially if you run a corp who hands out shares to non other then yourself.


I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.


And that is actually pretty decently documented on something called the EVElopedia.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
Haedonism Bot
People for the Ethical Treatment of Rogue Drones
#13 - 2014-06-15 16:58:48 UTC
Quant Predictorian wrote:

I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.


Actually, it's quite easy to be completely protected from hostile takeovers in EVE. You can do what most CEOs do - immediately after founding a corp, go directly to the corp wallet and transfer all the shares to yourself, then never give them to anybody.

www.everevolutionaryfront.blogspot.com

Vote Sabriz Adoudel and Tora Bushido for CSMX. Keep the Evil in EVE!
Solai
Doughfleet
Triglavian Outlaws and Sobornost Troika
#14 - 2014-06-15 18:27:22 UTC
Quant Predictorian wrote:
I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.

There are some areas of eve where inter-corp and inter-alliance conflict is extremely heated and competitive. Among this area of Eve gameplay, it's very common for people to start a new account for the purpose of infiltrating/awoxing/sabotaging/etc their opponents. Yet, despite this, there are many corps who have survived this long, surrounded by enemies. The way they survive is by taking proper precautions to protect themselves. These corps are indeed relatively safe.
J'Poll
School of Applied Knowledge
Caldari State
#15 - 2014-06-15 18:50:35 UTC  |  Edited by: J'Poll
Haedonism Bot wrote:
Quant Predictorian wrote:

I'm not seeking a complete protection against hostile takeover of a corp or whatever. I know this is almost impossible in EVE and in RL. I'm just asking how the rules are applied on here.


Actually, it's quite easy to be completely protected from hostile takeovers in EVE. You can do what most CEOs do - immediately after founding a corp, go directly to the corp wallet and transfer all the shares to yourself, then never give them to anybody.


HB, we already tried to tell him that couple of times before.

He didn't want to listen, he loves handing out shares.

p.s. OP, you do know that if you give me shares, I can forward them to an alt that I placed into your corp and thus get a run for CEO vote to go through with enough shares.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
Quant Predictorian
Center for Advanced Studies
Gallente Federation
#16 - 2014-06-15 19:14:43 UTC
J'Poll wrote:

OP, you do know that if you give me shares, I can forward them to an alt that I placed into your corp and thus get a run for CEO vote to go through with enough shares.


Can you do that with less than 5% of total shares?

Can you do that with non-director position or even non-member of a corp?

How can you do that if only 4.99% of shares are floating and while other 95.1% held by a CEO?

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
ShahFluffers
Ice Fire Warriors
#17 - 2014-06-15 20:25:58 UTC  |  Edited by: ShahFluffers
Quant Predictorian wrote:
J'Poll wrote:

OP, you do know that if you give me shares, I can forward them to an alt that I placed into your corp and thus get a run for CEO vote to go through with enough shares.


Can you do that with less than 5% of total shares?

Can you do that with non-director position or even non-member of a corp?

How can you do that if only 4.99% of shares are floating and while other 95.1% held by a CEO?

Unsure.

Yes.

I would assume that because if the CEO does not do anything (due to being AFK or not logging in) then it does not matter how few of the shares anyone else has. The only shares that matter are the ones that vote.

How did you Veterans start?
J'Poll
School of Applied Knowledge
Caldari State
#18 - 2014-06-15 21:53:45 UTC  |  Edited by: J'Poll
Quant Predictorian wrote:
J'Poll wrote:

OP, you do know that if you give me shares, I can forward them to an alt that I placed into your corp and thus get a run for CEO vote to go through with enough shares.


Can you do that with less than 5% of total shares?

Can you do that with non-director position or even non-member of a corp?

How can you do that if only 4.99% of shares are floating and while other 95.1% held by a CEO?


1. Anybody with shares that is IN the corp can start the CEO vote, even if you only have 1 share (factual proof as we had a fuckup in one of my older corps where one of the guys thought it would be funny to click the run for CEO button right when we were doing an important vote - only trusted people had shares so CEO stayed in control but couldn't do anything for 24h)

2. DEFINATE YES. To initiate a CEO vote you either have to own shares and be part of the corp OR be a director.

3. Only shares that vote count.

YOu can have 20mil shares, if the guy with only 1 share votes...only his vote counts


EDIT:

So, please, go ahead with your plan. I will be watching it with hawk eyes to see when you lose your entire corp.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#19 - 2014-06-16 04:43:50 UTC
J'Poll wrote:

So, please, go ahead with your plan. I will be watching it with hawk eyes to see when you lose your entire corp.


You don't know this bank and its shares. Don't you?: https://forums.eveonline.com/default.aspx?g=posts&t=322582

The guy leading the bank sold shares at the start. When it reaches the certain level (5% below), he stopped and two ways he have: stock dilution or change business plan (instead of selling shares, he started selling corp bonds). I know this thread requires more than average knowledge of RL business and economics. Sorry to not mention at the start of the thread. I've just started this thread to know corp share mechanics of the game, and I've enlightened now. Thanks everyone, especially J'Poll to add additional paranoia on my business plan. But no I don't buy it.

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
Zaxix
State War Academy
Caldari State
#20 - 2014-06-16 05:57:43 UTC
Shares are pointless.

Bokononist

 
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