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Here is a related article that is highly interesting: https://corpgov.law.harvard.edu/2018/04/15/are-dual-class-companies-harmful-to-stockholders-a-preliminary-
by noname120 8y ago
Here is a related article that is highly interesting: https://corpgov.law.harvard.edu/2018/04/15/are-dual-class-companies-harmful-to-stockholders-a-preliminary-review-of-the-evidence/ https://corpgov.law.harvard.edu/2018/04/15/are-dual-class-co...
It reviews the evidence related to dual-stock companies. Facebook is such as company since there are class A and class B shares (which have 10 times the vote power).
Here is a follow-up article that is worthy of attention as well: https://corpgov.law.harvard.edu/2019/04/17/whats-the-problem-with-dual-class-stock-a-brief-response-to-professors-bebchuk-and-kastiel/ https://corpgov.law.harvard.edu/2019/04/17/whats-the-problem...