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by dastbe
3291 days ago
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facebook class B shares (the ones that Zuckerberg and other company insiders own) has 10x the voting rights of class A shares which you or I can own. They plan to issue new class C stock that will have no voting rights. this is the same structure in place for alphabet. So it's not nearly as simple as you make it sound. |
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Facebook is a different case, but in the examples prominently mentioned in the article, Google and Amazon are featured and they both give voting rights to stockholders, as does Microsoft.