Xachariah comments on Game Theory As A Dark Art - Less Wrong

50 Post author: Yvain 24 July 2012 03:27AM

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Comment author: ViEtArmis 24 July 2012 03:51:30PM 3 points [-]

Your lackey proposes as follows: “I move that we vote upon the following: that if this motion passes unanimously, all members of the of the Board resign immediately and are given a reasonable compensation; that if this motion passes 4-1 that the Director who voted against it must retire without compensation, and the four directors who voted in favor may stay on the Board; and that if the motion passes 3-2, then the two 'no' voters get no compensation and the three 'yes' voters may remain on the board and will also get a spectacular prize - to wit, our company's 51% share in your company divided up evenly among them.”

Considering the reasoning that ends in "everyone is kicked off the board," wouldn't they all talk about it for a few minutes and then reject the proposal 4-1 (or maybe 3-2)?

Comment author: Xachariah 25 July 2012 07:25:36AM 2 points [-]

It seems to me the best option is to pass the proposal 3-2. Take 66% of the company's 51% share to regain board appointments, re-appoint the two who had to resign, and then kick off the lackey and get somebody else. They're buying back 34% of their shares for free.