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COOPERATE GOVERNANCE: Can a co-founder and CTO of a company be removed?
Medium· 2025-11-15 19:10
Core Perspective - The article discusses the potential for a co-founder and CTO to be removed from their position within a company, particularly in the context of acquisitions and corporate governance [1][4]. Group 1: Removal Scenarios - A co-founder and CTO can be removed through various means, including voluntary resignation, negotiated exit, or involuntary removal by the board of directors or shareholders [5][6][8]. - The removal process is influenced by the company's structure, governing documents, and the founder's equity and voting rights [1][5]. Group 2: Case Study - Apple Inc. - The article references the case of Steve Jobs, who was removed from Apple Inc. in 1985 following a power struggle with the board and CEO John Sculley, primarily due to differing visions for the company's future [2][3]. - Jobs' removal was also attributed to his demanding management style, which created a challenging work environment and led to tensions within the company [4][3]. Group 3: Ownership Retention - Despite removal from management, founders retain ownership of their shares in the company, which is not affected by their operational status [4]. - The degree of influence a founder has post-removal depends on their voting rights and share ownership, which can complicate the removal process if they hold significant shares [8].
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-11-13 13:15
The Morning Minute (11.13)Powered by @yeet⏰Top News:-Crypto majors dip then rebound on US Gov’t reopening news; BTC at $103,200-XRP leads majors ahead of its ETF launch this morning-FanDuel partners with CME to launch prediction market app ‘FanDuel Predicts’-New ZEC DAT Leap Therapeutics shares jump 400% on Thursday-Lido proposes enshrined buybacks along with other changes🌎 Macro Crypto and Memes-Crypto majors are down 1-2% but rebounding on UG Government reopening news; BTC -2% at $103,200; ETH -1% at $3,5 ...
Visa Pilots USDC Payouts for Creators and Gig Workers
Yahoo Finance· 2025-11-12 15:21
Core Insights - Visa is piloting a new payment scheme allowing companies to send fiat USD directly to recipients' stablecoin wallets, specifically using dollar-pegged stablecoins like USDC [1][2] - The service is aimed at the creator and gig economy, facilitating small, irregular payments to a large number of recipients [3] - Wider access to the service is projected for the second half of 2026, depending on local regulations [4] Group 1: Service Details - Companies will pay out in fiat USD, while recipients will receive payments in stablecoins [1] - Participants must have a stablecoin wallet and pass AML/KYC checks; the pilot is currently limited to U.S.-based platforms and businesses [2] - Visa is in the process of onboarding partners for the service [4] Group 2: Strategic Moves - Visa has made significant investments in the stablecoin space, including a strategic investment in BVNK [5] - The company predicts an increased role for stablecoins in the $40 trillion global credit market, suggesting potential for traditional institutions to utilize blockchain technology [6] - Visa is also expanding support for stablecoin-based crypto credit cards in collaboration with various fintech companies [6]
X @Wu Blockchain
Wu Blockchain· 2025-11-12 14:56
The Sui Foundation announced the launch of USDsui, a native stablecoin for the Sui network issued by Stripe subsidiary Bridge via its Open Issuance platform. Launching later this year, USDsui will be supported across wallets, DeFi protocols, and apps on Sui, and will be interoperable with Bridge-issued stablecoins on Phantom, Hyperliquid, and MetaMask.https://t.co/DU2m4eqhSL ...
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-11-12 14:30
Just In: Sui unveils its native stablecoin USDsuiIssued by payment giant Stripe via StablecoinUSDsui is GENIUS-compliant, yield-bearing and will power payments and DeFi across Suihttps://t.co/9ALalCdyXE ...