[detaro]

There's probably been proposals, but I guess the fundamental argument remains that as long as it is clearly documented, investors know what they are getting into, and it hasn't gone wrong loudly enough yet (I think most high-profile examples are doing quite well, financially) to sway opinions otherwise.

(EDIT: And the main group being "forced" to invest and can't just skip such companies are index funds, who generally don't take an active position anyways?)

[ericd]

Yeah, honestly I prefer to invest in companies whose founders are firmly in control so that they can take a longer, strategic view.

[bradleyjg]

Some of the biggest indexes, including S&P500, now exclude new entrants with multiple equity classes.