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-   -   President 50% Vice President 50% (https://www.askmehelpdesk.com/showthread.php?t=358726)

  • May 28, 2009, 06:01 AM
    Aries-cali
    President 50% Vice President 50%
    I am the president and the vice pres won't do his job. Does he have to get the same salary as me or can he be fired as a sales person
  • May 28, 2009, 06:13 AM
    ScottGem

    Any employee can be fired. A VP is just another employee.
  • May 28, 2009, 06:16 AM
    Aries-cali
    Corporation president
    I am the corp pres, my partner is vice pres we both own 50%. He lies nonstopabout taxes, about clients, about everything, it is bringing the corp down. What can I do?
  • May 28, 2009, 06:21 AM
    ScottGem

    Please don't start a new thread for the same question. Use the Answer This Question options to post a follow-up up.

    Well here you have a problem. A lot depends on the articles of incorporation. You as president may have the right to fire him from his VP position. But he will still be an equal part owner and have a say in the operation of the company. Your best recourse is to buy him out.
  • May 29, 2009, 10:30 AM
    AK lawyer
    Quote:

    Originally Posted by Aries-cali View Post
    Does he have to get the same salary

    No.

    Is the salary set by the Board of Directors?
  • Mar 22, 2010, 07:37 AM
    KISS
    1 Attachment(s)

    Here is a new refrigerator magnet promoting the change we need.

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