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I'm not a big fan of the dual class voting structure of these IPOs. It just seems cleaner when a share gets a vote. Obviously this seems to let some private ind

I'm not a big fan of the dual class voting structure of these IPOs. It just seems cleaner when a share gets a vote. Obviously this seems to let some private individuals lock up control of a "public" company.

spyspy 7y ago
You're not a fan of dual voting classes? Then I assume you're not investing in We when they IPO. https://www.latimes.com/business/story/2019-09-11/wework-governance-changes-ipo https://www.latimes.com/business/story/2019-09-11/wework-gov...
- poooogles 7y ago
  >Then I assume you're not investing in We when they IPO. Is anyone...?
  - Operyl 7y ago
    People ultimately will despite all the press, it seems inevitable.
doh 7y ago
I'm there with you, however these [0] are the consequences of not having dual class voting structure. [0] https://www.axios.com/starboard-value-box-shareholder-activist-investor-be4c577f-6a63-4db4-9a8a-765a2d946a58.html https://www.axios.com/starboard-value-box-shareholder-activi...
vxNsr 7y ago
Dual-class voting has become popular because all the current founders grew up on stories of apple being taken from Jobs and want to avoid the same fate. In addition activist investors are a lot more common today than 20-30 years ago.
nabla9 7y ago
Dual class can, and often leads to bad corporate governance over the long term. Some stock indexes exclude or limit them. S&P Dow Jones for example. This is complex issue. More discussion: https://corpgov.law.harvard.edu/2018/08/22/dual-class-index-exclusion/ https://corpgov.law.harvard.edu/2018/08/22/dual-class-index-...