But you can be a good founder/CEO and have a controlling interest in the company without using multi-class shares if you simply retain the majority of shares.

But you can be a good founder/CEO and have a controlling interest in the company without using multi-class shares if you simply retain the majority of shares. Problems such as the one mentioned in this article start occurring when multi-class share schemes start allowing the founder to effectively sell off most of the company while still retaining total control.