3 ms·
Google explicitly gave little power to common shareholders when at IPO, and the shares continue to willfully trade. I don't understand your point about greed.
by dogruck 9y ago
Google explicitly gave little power to common shareholders when at IPO, and the shares continue to willfully trade.
I don't understand your point about greed. Do you propose some alternative structure to corporate ownership? Seems beside the point of negotiating over voting rights.
- pkaye 9y agoThe investors willingly gave away their voting rights in order to get early shares. So really there is nothing wrong except their own greed got the best of them.
- dogruck 9y agoI don't understand your comment about "greed." Some people decide to buy, at say $54 in 2004. Others avoided the temptation for "greed," and decided not to buy. Then the stock went up 18x. Who's greedy now?
- optimuspaul 9y agoYeah I'm not sure this is greed at all. I don't think it rises above poor judgement in risk analysis.
- pkaye 9y agoGreed means they had a strong desire for something. It has nothing to do with success. It is just that when they fail and ask why, people say their greed was their downfall. In otherwords look within themselves. Their strong desire for something overrode any critical thinking of the other risks involved. And if they succeed they will of course gloat about how great a investor they are.
- walshemj 9y agowell the UK/FTSE does not like this sort of dual class listing and one high profile media group (DMG) got kicked from the FTSE collated index over this a couple of years ago.