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Norman Osborn is the president of OsCorp, a publically traded corporation. One day, the board of directors, without approval of Norman, agrees to sell the

Norman Osborn is the president of OsCorp, a publically traded corporation. One day, the board of directors, without approval of Norman, agrees to sell the company. They demand Norman resign as President.
The board of directors cannot force the president to resign.
Norman does not have to resign because he founded the company.
The board of directors will be prevented from completing the sale due to their deaths at the hand of the Green Goblin.
The board of directors can force the president to resign.
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