3 ms·
Well at least there's still the Russell 3000!
by jdc 6y ago
Well at least there's still the Russell 3000!
- drocer88 6y agoRussell is clamping down on multi-class shares, too: https://research.ftserussell.com/products/downloads/FTSE_Russell_Voting_Rights_Consultation_Next_Steps.pdf https://research.ftserussell.com/products/downloads/FTSE_Rus... "Going forward, eligible companies need to have at least 5% of voting rights held by the public. Companies with multiple share classes already in one of the indices will have until September 2022 to change their structures or face removal." ( https://www.dividend.com/news/2017/11/03/companies-multiple-share-class-structures-cannot-be-part-sp-500/ https://www.dividend.com/news/2017/11/03/companies-multiple-... ). Same link as before.
- 0xffff2 6y agoDo I not understand what "voting rights" means in this context? Doesn't this leave the door open for a CEO to retain 95% of voting stock, when all they need to maintain control is 50% + 1 share?