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The "Match King" guy also invented several financial concepts still in use today, like Class B shares: https://en.wikipedia.org/wiki/Ivar_Kreuger#Financial_inn
by perihelions 4y ago
The "Match King" guy also invented several financial concepts still in use today, like Class B shares:
https://en.wikipedia.org/wiki/Ivar_Kreuger#Financial_innovations_and_financial_engineering https://en.wikipedia.org/wiki/Ivar_Kreuger#Financial_innovat... ("Financial innovations and financial engineering")
- SilasX 4y agoHaving thought of shares with different voting power is all it takes to count as financial innovation?
- tedunangst 4y agoIt's a very different capital structure, so uh, yeah.
- admax88qqq 4y agoSeems pretty innovative
- nemo44x 4y agoIt’s only obvious to you because it exists. Someone had to invent the novel concept. Often the simplest innovations are not obvious until they exist and they’re often the most powerful.
- SilasX 4y agoDifferent voting weights have existed throughout history.