Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔
(Disclaimer: I have no idea how this works, which is why I’m asking)
Ex-Twitter isn’t a good example of how shares work in general. For this company, I recommend the wiki here: https://en.m.wikipedia.org/wiki/X_Corp.
To your other question: if you own >50% then the others have no real say anymore. If you own less than 50% then you can still try to convince them of your ideas, and in practice, there is often one who commands and the others follow.