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> They have class C shares, which do not have any voting rights. Shareholders without voting rights have absolutely no power to influence policy. You're right,
by omouse 8y ago
> They have class C shares, which do not have any voting rights. Shareholders without voting rights have absolutely no power to influence policy.
You're right, they're using class C for compensation: https://www.investopedia.com/articles/markets/052215/goog-or-googl-which-google-should-you-buy.asp https://www.investopedia.com/articles/markets/052215/goog-or...
But that doesn't prevent employees from buying up class A voting shares, though:
> A shares receive one vote, C shares receive no votes, and B shares receive 10 votes
There's more investors and employees than there are the founders so perhaps it's possible for them to get enough A shares to outvote the super-vote B shares? Unlikely, but possible...
Thanks for offering your opinion, I agree with your thoughts.
- robbrit 8y ago> perhaps it's possible for them to get enough A shares to outvote the super-vote B shares Nope. The company has control over how many class A and B shares exist, and currently between Sergey, Larry, and Eric they control over 50% of the voting rights as determined by shares: https://www.morningstar.com/articles/820137/which-stock-share-class-should-you-buy.html https://www.morningstar.com/articles/820137/which-stock-shar... So there's absolutely no way any employees would be able force anything through a vote. They'd need to convince at least one of those three people.