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What's the wealthiest company owned 100% by 1 person?
Posted on 6/12/23 at 3:25 pm
Posted on 6/12/23 at 3:25 pm
Saw someone posted this on Reddit and figured it had to be a poster of the OT.
Posted on 6/12/23 at 3:25 pm to TigerBaron
Dyson is owned by James Dyson
Posted on 6/12/23 at 3:28 pm to TigerBaron
Thought this was Cargill?
Maybe privately held...not owned by one person...not sure...don't want to google
Maybe privately held...not owned by one person...not sure...don't want to google
Posted on 6/12/23 at 3:30 pm to TigerBaron
(no message)
This post was edited on 6/12/23 at 8:37 pm
Posted on 6/12/23 at 3:35 pm to Chad504boy
Mike Bloomberg bought the presidency for Joe Biden. He also bought 21 democratic seats and told the world about it on stage.
I bought them. - Mini Mike.
I bought them. - Mini Mike.
Posted on 6/12/23 at 3:37 pm to BhamDore
quote:
Mike Bloomberg bought the presidency for Joe Biden. He also bought 21 democratic seats and told the world about it on stage.
Remember when they said that rich people were evil?
Posted on 6/12/23 at 3:38 pm to Chad504boy
Nah they have trillions in debt.
Posted on 6/12/23 at 3:41 pm to TigerBaron
Does Huawei count?
quote:
Huawei claims it is an employee-owned company, but it remains a point of dispute.
Ren Zhengfei retains approximately 1 percent of the shares of Huawei's holding company, Huawei Investment & Holding, with the remainder of the shares held by a trade union committee (not a trade union per se, and the internal governance procedures of this committee, its members, its leaders or how they are selected all remain undisclosed to the public) that is claimed to be representative of Huawei's employee shareholders.
About half of Huawei staff participate in this scheme (foreign employees are not eligible), and hold what the company calls "virtual restricted shares". These shares are non-tradable and are allocated to reward performance. When employees leave Huawei, their shares revert to the company, which compensates them for their holding. Although employee shareholders receive dividends, their shares do not entitle them to any direct influence in management decisions.
Academics Christopher Balding of Fulbright University and Donald C. Clarke of George Washington University have described Huawei's virtual stock program as "purely a profit-sharing incentive scheme" that "has nothing to do with financing or control".
They found that, after a few stages of historical morphing, employees do not own a part of Huawei through their shares. Instead, the "virtual stock is a contract right, not a property right; it gives the holder no voting power in either Huawei Tech or Huawei Holding, cannot be transferred, and is cancelled when the employee leaves the firm, subject to a redemption payment from Huawei Holding TUC at a low fixed price.
Posted on 6/12/23 at 3:48 pm to The Dozer
quote:
Nah they have trillions in debt.
which is the brilliancy of george soros. not his debt, spends all their monies though.
Posted on 6/12/23 at 3:57 pm to Chad504boy
quote:
American Government owned by George Soros.
Nah.
Too many other Chinese investors.
Posted on 6/12/23 at 4:00 pm to TigerBaron
Interesting question, but your thread has been derailed 
Posted on 6/12/23 at 4:03 pm to TigerBaron
There’s a few VC/PE firms that are solely owned with massive values.
Posted on 6/12/23 at 4:05 pm to TigerBaron
Mars, chick fil a, ....
Private companies owned by the families.
Hard to do one with just a single owner. It would have to be a relatively new company. And rare that those don't have partnerships.
PayPal had 2.
Apple had 2.
Etc.
Private companies owned by the families.
Hard to do one with just a single owner. It would have to be a relatively new company. And rare that those don't have partnerships.
PayPal had 2.
Apple had 2.
Etc.
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