Wednesday, June 14, 2017

Alphabet shareholders want more voting rights but Larry and Sergey don’t want it that way - Recode

On a related note, see How Uber’s Chief Is Gaining Even More Clout in the Company (NYT)

"At Alphabet, the parent company of Google, voting power is even more concentrated because of a limited supply of supervoting shares belonging mostly to Google co-founders Larry Page and Sergey Brin.

Basically, it’s a founders’ company with the founders controlling the outcome of the vote.

One proposal this year in particular demonstrates just how much control Page and Brin have because of their special voting powers, and it’s a proposal that deals with that very issue."
Alphabet shareholders want more voting rights but Larry and Sergey don’t want it that way - Recode
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