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TLDR; Currently, an investor who owns one share for a month, or even a day, has the same voting power as someone who has owned a share for years. Mr. Ries want
by sytelus 9y ago
TLDR;
Currently, an investor who owns one share for a month, or even a day, has the same voting power as someone who has owned a share for years. Mr. Ries wants what he calls “tourists” — short-term shareholders — to have less voting power than long-term shareholders, whom he calls “citizens of the republic.” Over time, shareholders of companies on the LTSE would gain more votes based on their length of ownership.
Mr. Ries also takes aim at compensation plans. He wants companies that list on his exchange to have stock vesting programs of at least five years and recommends 10 years, even for executives who leave the company.
This is from: https://www.nytimes.com/2017/09/18/business/dealbook/ipo-chamath-palihapitiya.html?ref=dealbook https://www.nytimes.com/2017/09/18/business/dealbook/ipo-cha...