4 ms·
Iirc Schmidt Page Brin combine to control the majority of votes. This tight control will lapse when the Schmidt estate goes through a generational estate transf
by hkmurakami 9y ago
Iirc Schmidt Page Brin combine to control the majority of votes. This tight control will lapse when the Schmidt estate goes through a generational estate transfer event and liquidates shares to conver taxes (since he is the oldest of the three).
- __derek__ 9y agoIn anticipation of that, though, the three could form a new share structure that consolidates power in Brin and Page.
- bogomipz 9y agoThanks for the responses. I guess an additional question I have is - if a small minority or in FB's case an individual control the voting stock do they automatically control who sits on the board? I guess if that's the case, why have a board at all? Is it just for optics?