Timeline for Could anyone tell me the meaning of "leaving his company as a shell in the rear view mirror"?
Current License: CC BY-SA 4.0
9 events
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| Sep 19, 2020 at 17:03 | history | migrated | from english.stackexchange.com (revisions) | ||
| Sep 18, 2020 at 15:59 | comment | added | Barmar | @alephzero That doesn't seem to be the way the term is being used in the quote. One employee, or even high-level executive, leaving the company wouldn't make it a shell company. | |
| Sep 18, 2020 at 15:25 | comment | added | Spehro 'speff' Pefhany | @alephzero I'm aware of the jargon, in fact you can purchase existing shell joint-stock companies ("shelf companies") for various legitimate and illegitimate purposes. I don't think that changes the claim that it's a metaphor. A shell without contents. | |
| Sep 18, 2020 at 15:10 | comment | added | alephzero | The "shell" is not a metaphor, but stock-market jargon for a company which has a market listing, but effectively has no employees and is not carrying out any commercial activity. Its shares still have a value though, because a cheap way for an entrepreneur who has started a successful business and wants to get a stock market listing is to to buy a majority of the shell company's shares, and then do a "reverse takeover" where the shell company "buys" the company he/she had created (often for a nominal price, like one dollar). | |
| Sep 18, 2020 at 13:28 | comment | added | Spehro 'speff' Pefhany | @Fattie yes, probably. | |
| Sep 18, 2020 at 13:21 | comment | added | Fattie | While an admirable and perfect answer, it's best to just migrate Learning questions to the Learning site | |
| Sep 18, 2020 at 7:18 | comment | added | minoosalesi | Great. That helped a lot. :) | |
| Sep 18, 2020 at 7:18 | vote | accept | CommunityBot | ||
| Sep 17, 2020 at 22:00 | history | answered | Spehro 'speff' Pefhany | CC BY-SA 4.0 |