MovieChat Forums > The Young and the Restless (1973) Discussion > The Fenmore deal - I don't get it

The Fenmore deal - I don't get it

posted 8 years ago by FlyingCircusGirl
2 replies | jump to latest

If Lauren and Jill have 50/50 shares in Fenmore's, how can Lauren sell 49%? Wouldn't she only be able to sell her own stock so she only has 1% left & Jill has controlling interest? Everyone's acting like she sold half the company so now Jabot owns 49%, Lauren owns 25.5% & Jill owns 25.5%. Wouldn't Jill have had to sign off, too, unless she had given Lauren proxy rights? Lauren didn't want to give up controlling interest but that would mean she's banking on Jill always agreeing with her. It just doesn't make sense, no matter how I look at it!

And now for something completely different...

[–] missydog1120 8 years ago

I had forgotten all about Jill owning half of the company. Probably because them being sisters was unbelievable. And pretty much the only time I'm reminded is on the times that they get together and one or the other's greeting is hey "sis". But yeah, it does seem illegal that Lauren can make that business deal without Jill's signature.

[–] darogr 8 years ago

In the real world I would imagine yes, Jill would have to sign off if she legally owns half. This is the world of Y&R.