mrrotten
Don Corleone
The #1 Kaneinite
Posts: 2,066
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Post by mrrotten on Dec 18, 2009 20:07:21 GMT -5
So during last night's Impact, when Nash came out and said Foley was going to be unemployed as of the 4th (I haven't had a chance to watch the whole episode yet). Now, where does Nash have authority to have Foley fired?
Now granted given the story-line, Nash in with Hogan, and Hogan is partnered up with Dixie, but Foley is also a "majority stockholder". Thus he has more pull then Nash. And he could think of some reason of getting rid of Nash, like telling the board that Nash isn't performing at the level worthy of his contract, and have Nash dumped even before they get to the 4th.
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Post by Mayonnaise on Dec 18, 2009 20:08:42 GMT -5
Yeah, made no sense to me either. In kayfabe, Foley owns a good chunk of the company so how would Hogan fire him? Buy him out maybe but, fire?
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Jimmy
Grimlock
Posts: 13,317
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Post by Jimmy on Dec 18, 2009 20:21:38 GMT -5
Yeah, made no sense to me either. In kayfabe, Foley owns a good chunk of the company so how would Hogan fire him? Buy him out maybe but, fire? I assumed it meant they would indeed buy him out, and not keep him around afterwards. And really, it's just easier to say 'fire'. |
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Post by chavoclassic on Dec 18, 2009 21:41:09 GMT -5
Well, with a majority of the votes one can still 'fire' an employee even if they are on the board of directors or own stocks. Something similar happened in my company, and several owners of the company, that actually owned the majority of the stocks, were fired and booted, including the president of the company. Just saying it's possible, hehe.
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Post by GaTechGrad on Dec 19, 2009 2:14:07 GMT -5
If you want to get technical, TNA is an LLC (limited liability company) which do not issue stocks, and are soley owned by the members of the company. So try to explain that.  |
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Post by tigermaskxxxvii on Dec 19, 2009 15:32:17 GMT -5
Simple. Hogan and Nash are coming in to perform a Hostile Takeover!
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EJS
Bill S. Preston, Esq.
Posts: 18,857
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Post by EJS on Dec 19, 2009 15:37:53 GMT -5
If you want to get technical, TNA is an LLC (limited liability company) which do not issue stocks, and are soley owned by the members of the company. So try to explain that. Jarrett printed up fake stocks in order to screw Foley out of hundreds of thousands of dollars? |
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Post by chavoclassic on Dec 19, 2009 20:16:13 GMT -5
If you want to get technical, TNA is an LLC (limited liability company) which do not issue stocks, and are soley owned by the members of the company. So try to explain that. I guess I can't explain it, hehe. Well, maybe I can. In the world of wrestling there is no logic! ;D |
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