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> Let the owner will the value of the shares to whomever they want, but let the board decide where the voting power goes. That is terrible idea on so many leve
by JackFr 5y ago
> Let the owner will the value of the shares to whomever they want, but let the board decide where the voting power goes.
That is terrible idea on so many levels it’s difficult to address them all. What is the value of the shares with no voting rights? And given your plan, I assume most boards would award the shares to themselves.
- jedberg 5y ago> What is the value of the shares with no voting rights? I don't know, Google and BRK-B have no voting rights yet are quite valuable. The company still has assets of value. The value isn't entirely in the vote.