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blankseplocked Corp - How to create new shares/replace CEO
 
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Hank Shank
Minmatar
Pan Galactic Corp
Posted - 2011.07.27 20:23:00 - [1]
 

This is yet another "How do we replace our dormant CEO" threads.

We have a corp with three members:

CEO - 900 shares
Director 1 - 100 shares
Director 2 - 0 shars

We have voted to create additional shares, and these are listed in "Sanctioned Actions", but I don't think we can act on the vote because I think it needs CEO approval.

The other alternative is to have director 1 run for CEO. Can he succeed?

Reeper 2435
Posted - 2011.07.27 20:34:00 - [2]
 

yes, director 1 should run for CEO. He holds 5% of stock, he can achieve it unless old CEO logs in. No way to get the other stock back though. You'll need to create more.

Slade Trillgon
Endless Possibilities Inc.
Posted - 2011.07.27 22:06:00 - [3]
 

I am not real sure on how corp mechanics work as I have never been in a director or higher postition, but I am pretty sure that I remember pilots petitioning for someone to be bumped up to CEO after a certain time period of the current CEO not loggin in and being successful.


Slade

ISD Etetia


ISD STAR
Posted - 2011.07.27 23:17:00 - [4]
 

Originally by: Slade Trillgon
I am pretty sure that I remember pilots petitioning for someone to be bumped up to CEO after a certain time period of the current CEO not loggin in and being successful



In this particular case, Game Master interference should not be required, as one of the active directors owns more than 5% of the total shares of the corporation, which allows him/her to run for CEO.

As Reeper already explained, the new CEO will then be able to sanction votes, and allow additional shares to be created.

Hank Shank
Minmatar
Pan Galactic Corp
Posted - 2011.07.28 00:36:00 - [5]
 

I guess that means that Director 1 can vote for himself.

Slade Trillgon
Endless Possibilities Inc.
Posted - 2011.07.28 10:34:00 - [6]
 

Originally by: ISD Etetia
Originally by: Slade Trillgon
I am pretty sure that I remember pilots petitioning for someone to be bumped up to CEO after a certain time period of the current CEO not loggin in and being successful



In this particular case, Game Master interference should not be required, as one of the active directors owns more than 5% of the total shares of the corporation, which allows him/her to run for CEO.

As Reeper already explained, the new CEO will then be able to sanction votes, and allow additional shares to be created.



That is very good to know.


Slade


 

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