It’s a question almost as old as the stock market: should public corporations be able to use a dual-class share structure that preserves a key shareholder’s influence. A number of well-known companies including Ford Motor Company, Facebook and News Corp. maintain dual-class structures that grant outsized voting power to one person or a small number…
Tag: Dual-Class Stock
Looking Back at the Year’s Most Controversial – and Exciting – IPO
Restricting shareholder rights is not a new phenomenon. Companies frequently issue stocks with differential voting rights so that pre-IPO investors can maintain voting control. Many multi-class share companies give at least token voting rights to public shareholders. The most common structure is to give ten votes per share to insiders, and one vote per share…