Can an s-corp president fire the vp if both own 50 percent of the shares?

Yes, an S-corp president can typically fire the vice president (VP) if they have the authority to make such decisions, regardless of share ownership. However, since both own 50 percent of the shares, the situation could lead to conflicts or disputes. It’s advisable for both parties to refer to the corporation's bylaws and possibly consult legal counsel to navigate any potential ramifications. Ultimately, the dynamics of their ownership may complicate the decision-making process.