Pym Tech
Pym Technologies
Ownership
Pym Tech has been and (likely) always will be a family corporation. Hank Pym remains as the Chairman of the corporation, but that is more in title only; at the age of 87 there is very little he is capable of doing in the daily operations of the corporation. His daughter, Hope van Dyne acts as the Chief Operating Officer, while taking advice from her aging father.
Chairman
Hank Pym acts as the Chairman on the Board of Directors. With his old age, and declining health, many members of the BOD heavily encourage him to retire. Relying nearly entirely on machinary to sustain his life, Hank stubbornly refuses to retire from the board... or from life.
Managing Director(s)
Executive Director
Hope van Dyne sits on the BOD as the Executive Director. She is most involved with the corporations daily operations and more than qualified for the position. In addition to being the Executive Director on the BOD, she is the Chief Operator Officer of Pym Tech as well.
History
Pym Tech as a corporation was founded in early 2000; prior to that Hank Pym had manufactured all of his ideas through his labrotories, Pym Labs. Hank saw a need to capitalize on the Pym Particle technology he had discovered after he began dating Janet van Dyne once more. Fearing she would not marry him again unless he had proven his success, Pym Tech began.
Initial applications of the Pym Particles were designed to explore the Microverse; an endeavor far too dangerous for the consumer market and thus deemed a failure. When the U.S. military sought to utilize this technology to explore the Microverse for their benefits, Hank halted research and development for fear of losing another colleague.
Influence
Pym Tech's influence is mostly felt along the West Coast of the (former) United States, specifically in the Los Angeles, Texas and New Texas areas.Commerce
Structure
Chairman: A chairman leads the board and thus heads the committee or board meetings. The BOD votes and elects the chairperson. Usually, the company’s chief executive officer is the chairman.
Managing Director: There are usually no restrictions on the number of directors in a corporation bylaw. For example, in its board of directors panel, Amazon had many directors overlooking a distinct segment. A managing director is an individual elected by the company’s executive directors to manage, guide, and monitor business functioning.
Executive Director: Such an individual takes active participation in the company’s management, business operations, sales, and finances. Being the company employee, an executive director is a part of the board and even gets a salary for the company. The director represents the cause of the company.
Non-Executive Director: A non-executive director doesn’t belong to the organization but is a part of the board. External directors present an objective and third-person perspective. Such directors provide critical opinions and advice by charging a certain fee. In addition, they give voice to stakeholders outside a firm.
Other designations: Vice Presidents, CFOs, treasurer, zonal head, vigilance chief, audit chief, etc., are some other designations common to a BOD.
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