| Wright said:
Ah c'mon. Go ahead. I don't mind listening |
Some decisions companies make require approval by the shareholders.
The threshold of which shareholders can pass a resolution for approval can be ordinary (50%) or special (75%).
Sony own 8% of the shares (and therefore the voting rights) in Square Enix. I was suggesting they were going to team up with another shareholder who owned 20% of the shares/voting rights to be able to block the special resolution to allow the game to be on 360 (28% against would mean only 72% for, so it wouldn't pass).
Of course, none of this would ever happen since it's only applicable to UK law. And the shareholders wouldn't be bothered about such trivial stuff as what platform a game would be on, that'd be up to the directors.
(Although I often wonder what Sony does with their 8% shareholding in Square Enix. Do they ever use it to push more content onto their systems?)
Anyway, INTERESTING RITE?!
