"Mike Schilling" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> An employee who refuses to act as directed, claiming that he's thinking of
> the shareholders' interests, can be fired for cause. His only recourse
> would be to become a shareholder (not hard), and then get the attention of
> either the board or a large block of shareholders (much harder). If
> management is actually breaking the law (say by Enron-like looting) rather
> than simply making decisions he considers suboptimal, he can also go to
> the authorities, but he does this in his capacity as private citizen; his
> status as employee gives him no additional rights or responsibilities in
> this respect.
A shareholder (whether employee or not) who feels that management is not
acting in the interests of all shareholders can file a derivative action (a
form of lawsuit). This is supposed to prevent management for acting in the
interests of the larger shareholders at the expense of the smaller ones.
(Which is really easy if more than half the stock is owned by a single
entity.)
DS
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