4 ms·
And because Alphabet Inc. (GOOGL) is trading at like $1K/share, it's out of most people's hands to even be eligible for the shareholders' meeting. On top of th
by Endy 9y ago
And because Alphabet Inc. (GOOGL) is trading at like $1K/share, it's out of most people's hands to even be eligible for the shareholders' meeting. On top of that, the float is almost 603 million shares, and ~81% are held by institutions rather than private investors. ~10% of the company is held by "people" rather than other companies - not enough to make a real change happen in terms of corporate policy. If you could manage to get a coalition together to buy even 51% of the float (~$3.75B), not only would that represent a heck of a lot of money invested, but you could potentially step in and change the direction of the company as shareholders.
Big problem: that's not realistic.
- ocdtrekkie 9y agoIsn't nearly all voting power of Google still owned by the founding folks/executives? Non-voting shares has become a big thing these days to prevent shareholders from affecting company direction.
- Endy 9y agoBasically, but there's a wonderful thing called a short sale. If tons of people sell Google short, or threaten to do so, it's very likely have an effect. Also, live long and prosper.