> He kept the remaining 99.1 percent of himself but promised that his shares would be nonvoting: He’d let his new stockholders decide what he should do with his life.
Well, he could just go ahead and back out. Which is separate from the discussion about the details of the ownership and corporate structure letting him back out, but still sort of successfully renders it moot.
> He kept the remaining 99.1 percent of himself but promised that his shares would be nonvoting: He’d let his new stockholders decide what he should do with his life.
So how does that really let him back out?