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As per Wikipedia[1]: >> Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc. Forbes article referenced by

As per Wikipedia[1]: >> Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc. Forbes article referenced by Wikipedia:[2] >> At Alphabet’s annual meeting in June, multiple shareholders criticized the fact that Page did not show up given that he and Brin have more than 50% of the company’s voting power, thanks to Alphabet’s multi-class stock structure. That structure will not change despite the management shift, the company said. [1] https://en.wikipedia.org/wiki/Alphabet_Inc https://en.wikipedia.org/wiki/Alphabet_Inc. [2] https://www.forbes.com/sites/jilliandonfro/2019/12/03/larry-page-steps-down-as-ceo-of-google-parent-alphabet/#475ec9733aa3 https://www.forbes.com/sites/jilliandonfro/2019/12/03/larry-...

echelon 6y ago
Is lack of attendance something that happens regularly? Can control ever be wrested from majority voting power owners? Page and Brin, Zuckerberg, et al.?
- bluGill 6y ago
  At majority level no, because they control their shares. You can get the majority owner to sell. You can use social means to try to convince them to vote your way. You can get the bank to make bad terms on their financial activity. You can change the law. But in the end they have the power. Note that some of the above list might include illegal /immoral acts. Depending on what you do you might find success.
  - nickodell 6y ago
    Note that minority shareholders have some rights, though this varies by state of incorporation: (PDF warning) https://www.ibanet.org/Document/Default.aspx?DocumentUid=F20BDF81-27B1-43D1-AEEB-4C40292F4857 https://www.ibanet.org/Document/Default.aspx?DocumentUid=F20...
- mathattack 6y ago
  The market can influence it though. If the common stock loses 90% of the value due to the bad ownership structure, the founder’s wealth takes a hit and the employees will revolt or walk. If an outsider says “I will buy or invest in your company if you give up the special provisions” then money will talk. The reason VCs don’t do this is the companies that become the 1000X outliers generally have the Super-shares.
  - sukilot 6y ago
    That's "get the majority owner to sell" with extra steps.
- mamon 6y ago
  Page and Brin are not married to each other, as far as I know (which would make the shares their common property). You can always try to drive a wedge between them, have one of them turn on the other. With Zuckerberg, no, no chance.
  - manquer 6y ago
    Although the parent is downvoted his point is valid , individually brin or page does not control 50 % of voting rights as zukerburg so alphabet has slightly better structure than Facebook
  - sukilot 6y ago
    They are both basically retired so there's not much to wedge about.
- nradov 6y ago
  They aren't immortal. At some point others will own the shares.
  - kirian 6y ago
    that's what Calico is for ;)

echelon 6y ago

Is lack of attendance something that happens regularly? Can control ever be wrested from majority voting power owners? Page and Brin, Zuckerberg, et al.?

bluGill 6y ago
At majority level no, because they control their shares. You can get the majority owner to sell. You can use social means to try to convince them to vote your way. You can get the bank to make bad terms on their financial activity. You can change the law. But in the end they have the power. Note that some of the above list might include illegal /immoral acts. Depending on what you do you might find success.
- nickodell 6y ago
  Note that minority shareholders have some rights, though this varies by state of incorporation: (PDF warning) https://www.ibanet.org/Document/Default.aspx?DocumentUid=F20BDF81-27B1-43D1-AEEB-4C40292F4857 https://www.ibanet.org/Document/Default.aspx?DocumentUid=F20...
mathattack 6y ago
The market can influence it though. If the common stock loses 90% of the value due to the bad ownership structure, the founder’s wealth takes a hit and the employees will revolt or walk. If an outsider says “I will buy or invest in your company if you give up the special provisions” then money will talk. The reason VCs don’t do this is the companies that become the 1000X outliers generally have the Super-shares.
- sukilot 6y ago
  That's "get the majority owner to sell" with extra steps.
mamon 6y ago
Page and Brin are not married to each other, as far as I know (which would make the shares their common property). You can always try to drive a wedge between them, have one of them turn on the other. With Zuckerberg, no, no chance.
- manquer 6y ago
  Although the parent is downvoted his point is valid , individually brin or page does not control 50 % of voting rights as zukerburg so alphabet has slightly better structure than Facebook
- sukilot 6y ago
  They are both basically retired so there's not much to wedge about.
nradov 6y ago
They aren't immortal. At some point others will own the shares.
- kirian 6y ago
  that's what Calico is for ;)