Kat
User
Posts: 2,394 | Sam taking over Encom
on Wednesday, March, 09, 2011 10:47 PM
What are the legal issues? I mean, I assume that as majority shareholder, he can do a hostile takeover any time he wants. But...how does he own the stock? Is it in his name, as in Flynn bought it for him before Flynn disappeared, or was it his dad's? And if the latter, has Flynn legally been declared dead? If not, I wouldn't imagine Sam can inherit the stock and become the owner of it, right? It would just be held in some sort of legal limbo.
I'm not sure what it takes to have someone legally considered dead if they disappear...do they have to be missing for a certain amount of time even if there is no evidence that they are dead, or? Anybody know?
I have no idea why it suddenly popped into my head to wonder that the other day...
What do you want? I'm busy.
Program, please!
Chaos.... good news.
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IluthraDanar
User
Posts: 1,178 | RE: Sam taking over Encom
on Wednesday, March, 09, 2011 10:56 PM
Alan made it sound like Sam could have been Chairman any time but he didn't want it/wasn't ready/whatever. He said he'd dropped out of Flynn's alma mater. Does that he has no degree? He obviously has some programming skills. So what makes him think he can just make Alan Chairman and himself CEO?
Forget it, Mr High and Mighty Master Control. You aren't making me talk.
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Kat
User
Posts: 2,394 | RE: Sam taking over Encom
on Wednesday, March, 09, 2011 11:00 PM
| IluthraDanar Wrote:Alan made it sound like Sam could have been Chairman any time but he didn't want it/wasn't ready/whatever. He said he'd dropped out of Flynn's alma mater. Does that he has no degree? He obviously has some programming skills. So what makes him think he can just make Alan Chairman and himself CEO? |
Well, the thing about owning stock in a company is that it's like owning part of the company. So, if you own the majority of the stock...you pretty much own a big chunk of the company--more than anyone else does. Usually a takeover happens between two companies, not with an individual person doing the takeover, but apparently that's what Sam is going to do. Will be interesting to see how everybody who works there is going to take THAT one...but somehow I have a feeling there are more legal hoops to jump through than just showing up one morning and saying "okay, mine now."
What do you want? I'm busy.
Program, please!
Chaos.... good news.
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CorrupTron
User
Posts: 609 | RE: Sam taking over Encom
on Wednesday, March, 09, 2011 11:02 PM
Like Bruce Wayne it was his father's company and he can do whatever he wants.
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Wednesday, March, 09, 2011 11:53 PM
the thing i don't understand is:
if sam can really dictate whatever he wants to the board
then why didn't he do it early on and put allan
in charge since allan seems to share his fathers
altruistic nature.
if allan was in charge then sam's pranks would
be unnecessary
giving the board the order of putting allan in charge
seems simpler than breaking into encom, eluding
security measures and jumping off the roof.
the effect of allan in charge would be far more permanent
than leaking the latest version of encom os12where to buy abortion pill ordering abortion pills to be shipped to house buy abortion pill online
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CorrupTron
User
Posts: 609 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 12:06 AM
Sam's a trust-fund baby. He didn't want the responsibility of running a Fortune 500 company. He'd rather race his motorcycle and pull pranks. That's why you had Richard Mackey as acting CEO just like William Earle was acting CEO for Wayne Enterprises.
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:04 AM
for the purposes of friendly discussion 
on the assumption that sam can dictate to the board of directors:
putting allan in charge means the responsibility
of running encom falls on allan's shoulder
there would be no need for sam to pull any pranks on encom -
unless (for some strange reason) sam has dedicated his life
to sucker punching encom
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:35 AM
how about this theory:
when it comes to deciding who leads encom
sam's vote is not large enough to override the board.
sam would also need allan's vote to override the board
and the only way allan will give his supporting vote is
if sam takes charge of encom.
sam is forced to leak os12 because the board
can override any of his altruistic inclinations.
I.T. support: yes sir - you click start to turn off your p.c.
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Tron Fanatic
User
Posts: 1,461 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:47 AM
Sam holds the ace... actually two of them: Quorra, and Digitization. Flynn was doing that from the arcade, so is it possible that ENCOM no longer holds ownership of the technology?
 '>
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 2:16 AM
if the writers want to make things difficult for the hero
they could still say that the rights to the digitization laser
belongs to encom. that's the hero's burden - obstacles
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Tron Fanatic
User
Posts: 1,461 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 9:00 AM
rimwall Wrote:if the writers want to make things difficult for the hero
they could still say that the rights to the digitization laser
belongs to encom. that's the hero's burden - obstacles
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Yeah, that could go very bad.
They could easily make a whole film that just bickers over the legalities of Quorra, really. If ENCOM can claim ownership of digitization, then it's also logical to assume they could claim ownership of her. And it's not hard to imagine where that would go.
'>
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Tron Fanatic
User
Posts: 1,461 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 9:36 AM
| Swann Wrote:Sam has majority voting rights as he owns more than 51% of the stock. Meaning he can vote Alan as CEO whenever he wants. Whoever owns the stcok owns the company. Sam always owned the company he just didn't care to get involved. The only stuopid thing about the movie was why would Encom allow Dillinger's son to work there when his father was shamed and given a pink slip. In reality this would not happen. |
Denying someone a job because of something that their father did is a one-way-ticket to a lawsuit.
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'>
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Tron Fanatic
User
Posts: 1,461 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 10:53 AM
| Swann Wrote:No, its not. There is no federal law stating that. Only for race and sexual reasons. And in Indiana where I am from they can fire you for the color of your eyes if they want. They call us an "at will" work state, meaning you can quit anytime and they can fire you at anything for any reason. as long as it is not against federal law, which only protects anyone but white males. If you are a white male, as his son is, you are screwed. |
So Nazism is still legal in Indiana, eh? Whodathunk it?
'>
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:16 PM
lets paint a scenario
if sam owns controlling stock and has majority vote
then technically he can order the company to
give away encom os12 if he wanted to.
if he can order encom os12 to be given away
then there would be no need to break into encom
and leak the os to the net.
the only reason sam would plan an elaborate break-in is because
he can't order encom and the board of directors to give away os12
being the biggest shareholder does not automatically mean 51% -
it could mean that if we compare shareholders individually sam
would be the one with the most shares.
we could possibly look at it this way:
46% to sam
47% combined to the board and other shareholders
7% to allan
in order for sam to override board he needs allan's
supporting vote.
but the only way allan will give a supporting vote is
if sam decides to run the company himself
allan does not want control of encom - allan wants
sam to run encom.
this way the shareholders are assured that their investment
wont be subject to the altruistic whims of a single individual.
also consider if sam takes control of encom and somebody leaks
that the new leader of encom likes to give away encom
products.(sam admitted who he was to the guards)
what do we expect encom shareholders will do?
sam could be facing a nasty "vote of no confidence" thing.
also consider the writers gave sam a background and
a mental attitude that does not play well with corporate suits.
its easily a recipe for trouble.
we should take comfort tho that its a disney kid film and
they won't dwell heavily on corporate policies.
Tron Fanatic is right - it could be a fight between who
gets to control the digitization programs and the laser.
and we can thank the writers for leaving open the ownership
of the laser and digitization
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Boba Fettuccini
User
Posts: 779 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:44 PM
rimwall Wrote:how about this theory:
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Ok, sorry to nitpick, but PLEASE... for the sake of sanity...
Hypothesis - A possible solution
Theory - A hypothessi that has undergone rigorous peer-review, has stood up to the test of time and has thus far yet to be disproved.
rimwall Wrote:when it comes to deciding who leads encom
sam's vote is not large enough to override the board.
sam would also need allan's vote to override the board
and the only way allan will give his supporting vote is
if sam takes charge of encom.
sam is forced to leak os12 because the board
can override any of his altruistic inclinations.
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Majority stock holders' votes are always big enough. You have 51 shares of a total of 100, you have 51 votes essentially. No one, no matter how hard they try, could possibly outvote him because there's not enough votes to do that.order abortion pill http://unclejohnsprojects.com/template/default.aspx?morning-after-pill-price where to buy abortion pill
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:49 PM
Swann you want to give 51% controlling and voting stock to an individual
who has a track record for giving his company's products away?
how long will that company last when the shareholders find
out sams background?
the shareholders will either ask for a "vote of no confidence"
or pull out their money once sam is in charge.
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Boba Fettuccini
User
Posts: 779 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:52 PM
But, see, this isn't the real world. This is a movie. Sam will do great, save the company, and everyone will live happily ever after.
Just like in Batman. Minus the part where the trust-fund baby who drops out of school becomes a masked vigilante.
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Boba Fettuccini
User
Posts: 779 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:52 PM
But, see, this isn't the real world. This is a movie. Sam will do great, save the company, and everyone will live happily ever after.
Just like in Batman. Minus the part where the trust-fund baby who drops out of school becomes a masked vigilante.
-==[ www.boba-fettuccini.com ]==-
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MunirBinJulaihi
User
Posts: 42 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 1:59 PM
I agree with Boba. Sam will do just fine, don't worry about him. Just leave it up to him and he knows what he's going to do with ENCOM.
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rimwall
User
Posts: 507 | RE: Sam taking over Encom
on Thursday, March, 10, 2011 2:01 PM
Boba Fettuccini as long as we're nit-picking
sam: do you know who the biggest shareholder is?
guard: i dunno some kid.
nothing was mentioned about a 51%
when sam leaked os12 he isn't just giving away his money
he is giving away the hard earned money of all the shareholders.
big shareholders and small shareholders.
I.T. support: yes sir - you click start to turn off your p.c.
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