EVE New Citizens Q&A

You are not getting it.

If you as CEO has 95% of the shares, and you gave out 5% for whatever reason, yoru corp is still at risk.

"but why? when I have the most shares" This is how I would do it... I would have an alt join your corp and wait. I'd wait for you to make an announcement 'hey guys, i'm going to be on vacation for xxx I may not be on eve, such and such is in charge" if I knew enough about you, and your play patterns and if you checked daily while on vacation, I would time it. Send my single alt a share, and start a vote. You would lose CEO for 24h (a friend did this to me with his one share, due was being a ****) then I would vote you out. IF you don't log in in 24h to vote, and if say the other people with shares ignore the vote, or assume you will vote, then my alt becomes CEO.

You could have all the shares in the world, but if you are not there to vote, then you are screwed.

I could also do some nasty grief type stuff with a single share, and timing. I could remove your power for 24hours, which depending on the situation could f you up. The point is, if you are going to give out shares, make an alt corp. If the shares are for profit sharing, then no one needs to join said alt corp. If your giving out shares just because, then you are an idiot.

As someone with some economics education - This is nonsense, within the context of Eve. It's mechanics are the important part. Real life economics have only partial relevance to Eve.

But at this point I'm also morbidly curious to find out what happens to your corp, even though I regret the bad experience it will likely generate in the newbies that join you.

You seem resistant to good information. Here's some advice: google Titans4U, Bad Bobby, and Brock Nelson.

What isn't mentioned here, possibly because many people aren't aware of it, is what all of this means in the context of an alliance. People forget that Directors have the power to set a corporation's support for the executor corporation. They also forget how corporations are accepted into an alliance. Throw in some shares, a CEO on vacation, and a single crafty director and you've got the recipe for some serious mayhem. If that character also has roles in other corporations in that alliance or is working with someone who does, you are screwed.

its your corp, if you don't wan to take the advice then that's fine and on you.

If the sole reason you're using shares is to distribute ISK for some sort of investment, you should give serious thought to using a spreadsheet and direct ISK payments instead. There is no real benefit for using shares for that purpose. It's just a really convoluted way to do it. If your corporation has more than one human player in it, there are all sorts of security concerns associated with it as well. It may seem silly, but even giving a directorship to your RL brother, girlfriend, or whoever is potentially problematic. One bad fight, one drunken night, or one breakup could really screw things up.

Unless you're the only person in corp and you're the only person who will EVER be in corp, avoid shares. If you're the only person in corp, why even bother with shares? What advantage do they provide? If you've spent time on the MD subforum, you know almost no one uses them. The one example you chose to link is probably the worst example you could have chosen. "Banks" in EVE are a running MD joke, as they always end in a corp theft/scam. Shares are something of a "bait" item, as they give the appearance of owning something.

Shares, shareholding, and stock markets have never really caught on in EVE for many of the reasons in this thread. Take a look at Block Ukx (and BSAC); it's the only shares-based business I've ever seen succeed on any level in EVE. However, a lot of what made/makes that work has to do with power brokering behind the scenes. Again, google Titans4U for just how wrong things can go. If your goal is to make offerings on MD, shares aren't going to get you any more traction than a straight up bond.

If you'd read the thread, you'd know that's been addressed. The point is obvious: avoid using them.

Correct.

I meant that anybody can place an alt in the corp and gain director roles eventually if done properly (or use the main and buy shares with an alt).

And thus can start their own run for CEO (with or without forwarding their own shares to the director).

Funny I stumbled through the forums today to see my name brought up here.

This is essentially what TAUTX is, a shell corporation. No other pilots other than my alts will ever be a member of TAUTX, and so CREATION of corporate votes is limited to just me. However, all share holders can use their shares to vote whenever I create a new vote. This is the reason that I will always hold at least 51,000 shares in TAUTX (which has a total of 100,000 shares).

Aside from all of the headache shares can* cause, assuming you're using them like I am through a shell corporation, they make paying investors extremely easy and traceable by using the dividends system.

Yes. Create 2 alts, and 1 corp, and play with transferring all and some of the shares of the new corp between your alts to see how the mechanics work. Try keeping one alt in the corp, one out. Then try keeping both in the corp, to get a hands on feel for share mechanics.

If it is just YOU and nobody else in the shell corp, yes.

But as Tau said, nothing is Idiot proof, idiots will always find a way to break something.