Okay take the case of Bezos and Gates. They both resigned from their own companies. Like how do you do that? Aren’t you supposed to like have total autonomy because the company is yours anyway. I understand the shares part, but how tf do you resign from your own property?
EDIT: I have successfully understood the whole dynamics, Thanks to those who answered
In: Economics
They don’t own the companies or have total control once they sell shares to the public. They work for all the shareholders and report to the board of directors. The shareholders and board can choose to replace them, can accept their decision to step down. Bezos owns about 10% of Amazon, and that’s a HUGE amount for a founder to keep holding in such a big company (thus why he’s the wealthiest person in the world).
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