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
It’s not his company, the company is a corporation (treat it like it’s own person as far as the law is concerned). The ceo has authority over that “person” or entity rather but doesn’t really own it. If the ceo resigns, the next ceo picks up that authority. At the same time, the company is also owned by its share holders, so the owner of large corporations rarely own the whole company.
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