Chapter 436: Cox Industries (7)

~ Reno, Cox Industries, 17th floor conference room~

Eventually, even the most stubborn directors left, and besides Jeff and Oscar, in conference room was Timothy Cox and four other people.

Jeff analyzed internally. 'I have 81%, and it takes at least 3% ownership in order to join the board meetings. So, these people own at anywhere from 15% to 19% of the company.'

All five people looked at Jeff, expecting to hear what he will say next. They are shareholders. He can't just fire them. They invested their own money here!

Jeff took a seat and looked at them for some time before speaking. "I will assume that you are shareholders, and that each of you has at least 3% worth of stocks." He saw all of them nod, confirming his assumption. All of them, except for Timothy Cox who didn't move a muscle.

"You have two options. I can pay you off in the amount your stocks were worth yesterday at closing."