RE:RE:OH Look π πPut 3 people in a room and ask each which way is best to paint a wall, you will get threw completely different answers.
Investors who have a lot at stake in a company will also have their own impression / view as to best course of action is needed to manage a company.
When investors want to force their opinions they sometimes revert to legal action. It doesn't mean they are right (nor wrong) it means they want to be heard.
IMHO the CEO is likely doing the right thing as the majority of shares are held by average Joe's. It would not surprise me in the least if the Joe's are not engaging in the voting process therefore majority of votes cast is likely a necessity.
JMHO but it's what I've seen over the years