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Burying the important info that Alphabet's major shareholders are its founders and senior executives. The headline should read "Alphabet management votes down
by nimish 8y ago
Burying the important info that Alphabet's major shareholders are its founders and senior executives.
The headline should read "Alphabet management votes down employee backed diversity proposal".
- sonnyblarney 8y agoWhat's also kind of buried is that the 'employees' are a small fraction of Google's staff and do not represent the overall staff at company, as the headline kind of implies. Imagine if the proposal were put to company-wide referendum and quashed? I suggest that a policy representing the 'balance of views' would look something rather different than something proposed by a group of highly motivated 'slightly activist' employees.
- lainga 8y agoPer the article, "several hundred employees", out of a 2017 Alphabet headcount of 80,110.
- asdsa5325 8y agoIncorrect. Alphabet's major shareholders are institutions. Institutions own 69.4% of Alphabet.
- nostrademons 8y agoLarry + Sergey + Eric have majority voting control, though. Each class B share (which they hold) counts for 10 class A shares and an infinite number of class C shares when it comes to corporate governance.
- nimish 8y agoThose are mostly non-voting shares, making them minor shareholders even though they have the most numeric shares. Alphabet insiders (read: Brin, Page and Schmidt, along with other executives) control the vote.