Having a voting and a non-voting class of shares is relatively common around the world, tbh. Jack Ma held 53% of voting shares, so he should’ve theoretically kept control.
This doesn’t really sound like a decision based on the rule of law, but more like a political one designed to specifically hurt Jack Ma’s power, especially considering his “absence” a few years ago.
This ruling isn’t turning the company into a co-op. All it did is shift power from one group of rich chinese people to another. It’s not really anything to celebrate.
All laws are political, fam. There is no such thing as apolitical rule of law. And non-voting shares are bullshit even under capitalisms already bullshit system.
Having a voting and a non-voting class of shares is relatively common around the world, tbh. Jack Ma held 53% of voting shares, so he should’ve theoretically kept control.
This doesn’t really sound like a decision based on the rule of law, but more like a political one designed to specifically hurt Jack Ma’s power, especially considering his “absence” a few years ago.
This ruling isn’t turning the company into a co-op. All it did is shift power from one group of rich chinese people to another. It’s not really anything to celebrate.
All laws are political, fam. There is no such thing as apolitical rule of law. And non-voting shares are bullshit even under capitalisms already bullshit system.