Number of corporations limit (Little Upsilon)

I was under the impression that the limit for the number of corporations a CEO can control was 1000. I have a CEO that controls 753 corporations and is now getting a message that I own too many corporations when I try to bid on more corporations. This is not the message that I cannot own more than 6 corporations in a country but a more general one.

Is 750 the limit for CEO's?

If 750 is the limit, can I continue to bid on stock to gain control over corporations that way?

Thanks in advance if anyone knows the answer to these.

Yes
Yes

Thanks. I knew that answer was coming. I'm disappointed that the limit is that low but will move on to buying with my other CEO. Thanks again.

Yep