JBTX, that is why I was asking if he got a salary... you put it more bluntly, but it is the direction I was going...
It also seems like he does not want to do the work... so any reasonable salary is a no go....
I still think if you cannot sell the shares then just let it liquidate and take whatever if your share...
Correct. The company is worth nothing, at least in terms of earnings. Having the CEO work for free gives the illusion the company is worth something.
If there are no takers then walk away and let it crumble.
If OP liked the work, then demand a reasonable salary. Of course he won’t get it, because then there will be no earnings.
There is no way I would work and effectively give away most of my salary to others who do nothing. I’d be angry every day about it.
Op needs to get over the illusion there is value to this company. There isn’t, at least as it is currently structured.