There was a Supreme Court case that essentially established that Common stockholders can be practically ignored as part of leadership’s fiduciary duty. It revolved around an ex-employee suing for compensation for Common stock after a merger that paid out the CEO and preferred shareholders, leaving stockholders zero.
This is also partially why your common stock options can be valued significantly less than the price the company value would imply: because it’s not an even share in the business.
This is also partially why your common stock options can be valued significantly less than the price the company value would imply: because it’s not an even share in the business.