It’s not a public company, so there’s no shares to hold. However, he probably does still have an ownership stake in the company. Nevertheless, stepping down as CEO means he no longer has control over the direction the company takes and the ideological positions it endorses. As you can see, the first thing the new executives did was put out a statement denouncing John Gibson’s views and saying that they went against “company values”. (Since when did companies start having values? Oh right, thanks Citizens v. United)
It’s not a public company, so there’s no shares to hold. However, he probably does still have an ownership stake in the company. Nevertheless, stepping down as CEO means he no longer has control over the direction the company takes and the ideological positions it endorses. As you can see, the first thing the new executives did was put out a statement denouncing John Gibson’s views and saying that they went against “company values”. (Since when did companies start having values? Oh right, thanks Citizens v. United)
Private companies can have shares they just aren’t traded on a public market