These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE General Discussion

 
  • Topic is locked indefinitely.
 

What percentage of the corp's shares should the CEO hold?
Author
Previous Topic Next Topic
Vito Tattaglia
Deep Core Mining Inc.
Caldari State
#1 - 2011-12-16 03:58:34 UTC
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll
Shalia Ripper
#2 - 2011-12-16 04:01:21 UTC
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll



Let him have his 70%, kick him from the corp and laugh. Make sure he has invested either isk or something of value first.

it is the New Eden Way.

Share are pretty much useless anyway.

Sig blah blah blah blah
Vito Tattaglia
Deep Core Mining Inc.
Caldari State
#3 - 2011-12-16 04:03:50 UTC
Shalia Ripper wrote:
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll



Let him have his 70%, kick him from the corp and laugh. Make sure he has invested either isk or something of value first.

it is the New Eden Way.

Share are pretty much useless anyway.


Not when he can easily usurp my position and remove my privileges, although I really like your idea...
Shalia Ripper
#4 - 2011-12-16 04:11:12 UTC
Vito Tattaglia wrote:
Shalia Ripper wrote:
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll



Let him have his 70%, kick him from the corp and laugh. Make sure he has invested either isk or something of value first.

it is the New Eden Way.

Share are pretty much useless anyway.


Not when he can easily usurp my position and remove my privileges, although I really like your idea...


Risk vs reward.

P.S. This is why my corp consists of me, me and me. And I still don't trust my corp.

Sig blah blah blah blah
Kaylyis
The Scope
Gallente Federation
#5 - 2011-12-16 04:14:38 UTC
Vito Tattaglia wrote:
Shalia Ripper wrote:
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll



Let him have his 70%, kick him from the corp and laugh. Make sure he has invested either isk or something of value first.

it is the New Eden Way.

Share are pretty much useless anyway.


Not when he can easily usurp my position and remove my privileges, although I really like your idea...


It'll be a good learning experience for both of you.
mkint
#6 - 2011-12-16 04:28:44 UTC
A less bastard response... CEO should hold a majority share, just to make things safe. Hang on to a majority, leave the rest to be owned by the corp. If he really wants them, he can take them. CEO = chief executive officer = you've got a job and a responsibility. Any shares usurpation bullshit will get in the way of you doing your job, and taking care of it early on will prevent a wide array of messes later. If it makes the math easier, put excess shares onto an alt so corp dividends don't get all screwed up. Feel free to set your buddy as a director. The only things CEO can do that a director can't is rename wallet/hangar divisions, corp insurance, sanction wardecs, and assign other directors.

Shares are a tool to be a bastard to people who don't take care of potential problems early. Nothing more. If it's that big an issue already, I suspect the longevity of the corp.

Maxim 6. If violence wasn’t your last resort, you failed to resort to enough of it.
Mioelnir
Brutor Tribe
Minmatar Republic
#7 - 2011-12-16 05:12:27 UTC
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll

In which case the title CEO isn't worth the 3 bytes its stored in.

With the shares divided between so few characters, he needs less than 5% of the corp's shares if he is director, or no director right is he has more.

With more than 5% of the shares and the director role, he is the actual CEO in that he can vote to replace you, in which case you will lose all access since retired CEOs have no roles, and you can not kick him since he needs to be voted out of corp and he has share majority.

You could create the corp close to him going on vacation though, and then vote for the creation of a million shares in his absence Lol
mkint
#8 - 2011-12-16 05:20:45 UTC
Mioelnir wrote:
Vito Tattaglia wrote:
I'm trying to start up a corp here, but my business partner doesn't really get the fact that to be CEO, you should have majority shares. We agreed that I would be CEO, but because of that he thinks that he should have majority shares. I already know I'm right, this topic is more just to prove him that being CEO means having more than 30% of the shares when the only other member has 70%. Roll

In which case the title CEO isn't worth the 3 bytes its stored in.

With the shares divided between so few characters, he needs less than 5% of the corp's shares if he is director, or no director right is he has more.

With more than 5% of the shares and the director role, he is the actual CEO in that he can vote to replace you, in which case you will lose all access since retired CEOs have no roles, and you can not kick him since he needs to be voted out of corp and he has share majority.

You could create the corp close to him going on vacation though, and then vote for the creation of a million shares in his absence Lol

you need 5% to run for CEO. There is still a vote, majority rules. He'd be able to run as CEO with 5% but won't be able to win CEO without more than 50%.

Maxim 6. If violence wasn’t your last resort, you failed to resort to enough of it.
Mioelnir
Brutor Tribe
Minmatar Republic
#9 - 2011-12-16 05:32:59 UTC
I'm pretty sure for the vote to succeed you need a majority of the cast votes, not the possible votes.

Worth a test.
Skydell
Bad Girl Posse
#10 - 2011-12-16 06:08:12 UTC
You are touching on what is truly the only thing broken in EVE.

While I am serious I don't mean insult by it but I don't think CCP have the brain mass or inclinations to fix Corp structure and remove all the loopholes to make it truly immersive.
Serene Repose
#11 - 2011-12-16 08:35:08 UTC
Skydell wrote:
You are touching on what is truly the only thing broken in EVE.

While I am serious I don't mean insult by it but I don't think CCP have the brain mass or inclinations to fix Corp structure and remove all the loopholes to make it truly immersive.


It isn't that it's broken. It's that as with most things in EVE and other games, it's misused, or not used as intended. There's always a CROWD that fixates on circumvention. There is NO WAY you can make something airtight against immorality, lack of integrity and those bereft of ethics.

The mechanism to replace a CEO, all things being equal, should be there to remedy an incompetent, or non-participatory person. Why should major decisions not be made 'cause the CEO doesn't log? Why should the rest of the corporation suffer at the hands of a tyrant, on the other hand? Majority rule - as in stock holders - is DEMOCRATIC. AUTOCRATIC is to hold all the shares yourself and tell your members they don't really mean anything, as there is no functional stock market in the game...

Why do people create hugely intricate and contorted rules? Because there are so many CHEATERS in the world!

The smartest thing Satan did was convince the people he doesn't exist.

We must accommodate the idiocracy.