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Not when the founders are major stockholders. They won't sue themselves.
by lallysingh 15y ago
Not when the founders are major stockholders. They won't sue themselves.
- mbreese 15y agoThey still have a feduciary responsibility to the minority stock holders.
- r00fus 15y agoActually, IIRC, there ARE no minority shareholders with voting interest. ALL of it is locked up within the triumvirate (Page, Brin, Schmidt). Whether this gives them any more leeway isn't clear to me, but Google is quite non-standard as far as corporate structure.
- william42 15y agoThere are two classes of stock. The class that Page, Brin, and Schmidt have has ten times as much voting power.