Hacker News new | ask | show | jobs
by baldajan 3061 days ago
I have no issues with John Hennessy, but I’m surprised they didn’t give the chairman position to Larry Page, who’s CEO and a Co-Founder. I wonder what’s preventing him from taking over full control...
2 comments

Sarbanes-Oxley Act strongly encourages non-Employee Chairman of the Board. It’s the direction that well-governed companies are moving.
Paige and Brin have enough voting power to pretty much make any major decision.
How much power exactly? Or do they own some special shares that don't need majority to rule?
Together they control over 50% of the voting power. They both own substantial amounts of Class B shares, which aren't available to the public and carry 10 votes per share.