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You are correct. Interestingly, the 10x shares held by Brin and Page constitute only 11% of the economic value of Alphabet, but 51% of the voting control. And
by panarky 3mo ago
You are correct.
Interestingly, the 10x shares held by Brin and Page constitute only 11% of the economic value of Alphabet, but 51% of the voting control.
And the 10x shares automatically convert to 1x shares upon transfer or inheritance, so if the founders cash out or die, the 10x supervoting power disappears.
- pyuser583 3mo agoOh wow so that lets them honestly say they have the same value as other shares?
- decimalenough 3mo agoYes. And as far as any future owners are concerned, that's perfectly true.