3 ms·
> It's removing a great deal of value from one's share. That value is being able to vote. I'm not a FB shareholder but if they had removed my voting power (or r
by tn13 10y ago
> It's removing a great deal of value from one's share. That value is being able to vote. I'm not a FB shareholder but if they had removed my voting power (or rather made it a 1/3 of what it was) I'd want compensation and then I'd sell my shares.
Fully agree.
> This sort of crap is propagating a big issue: the separation of management and control from ownership of companies. It invites irresponsibility and selfishness because the cost of such to management is continuously decreasing. While the owners (shareholders) are the ones to pay the real price for their actions.
This is a non-issue if your point 1 in upheld. I am happy to own FB shares without voting rights if I am compensated for giving up those rights upfront. I would know that my shares mean no control on the company and hence I value them less over some other company's shares where I have got voting rights keeping everything else same.
- andreareina 10y ago"everything else" basically being dividends which FB doesn't pay out.