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
> Aren’t you supposed to like have total autonomy because the company is yours anyway. I understand the shares part,
Evidently you don’t understand the shares part, because the crucial aspect of selling shares to other people is that now those other people own parts of the company. Both of the people you cite resigned from leadership while they did not own a majority share of the company.
More broadly, it makes sense to resign if there are other people who can lead better (or who are perceived as being better leaders). Also, maybe they just wanted to enjoy being rich for a while rather than working really hard to grow the company.
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