3 ms·
While better than not having the agreement (which terminates when their share falls below 34% of voting power), the new share structure is not shareholder frien
by cremnob 14y ago
While better than not having the agreement (which terminates when their share falls below 34% of voting power), the new share structure is not shareholder friendly. Class C shares can now be issued to employees or used for acquisitions, which would dilute the economic interest of shareholders without diluting their voting interest.