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I found it extremely surprising that this company didn't mention the new trend towards "public" companies. For instance Zuckerberg controls the majority of voti
by rjf72 7y ago
I found it extremely surprising that this company didn't mention the new trend towards "public" companies. For instance Zuckerberg controls the majority of voting shares for Facebook, at Google Page/Brin control the majority, and so on. For those that don't know the 'trick', it's simply different quality shares. They allocate themselves a minority of shares, but ones with 10x the voting power of normal shares - enough to ensure unilateral (or bilateral in the case of Sergey and Larry) control over "public" companies.
This is, for instance, why trying to unify shareholders against Zuckerberg was quite bemusing. Literally every single Facebook shareholder could vote to do away with Zuckerberg. It wouldn't matter - he's not going anywhere unless he wants to. Suffice to say, these sort of "public" companies don't seem to be engaging in any more enlightened longview than those who are genuinely under the heel of profit seeking shareholders.