Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
So a board can always admit a member at any time in their discretion for a U.S. company. Right. Maybe there's some jurisdiction where you need a shareholder vote, but in most cases, a board can vote on any director that they want. If the board doesn't invite you to the party, you have to apply to be a member, in effect.
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