3 ms·
(a) there already were two classes of shares, A and B. This creates a third class C with no voting power (b) the argument in the article is that Google would th
by cowsandmilk 13y ago
(a) there already were two classes of shares, A and B. This creates a third class C with no voting power
(b) the argument in the article is that Google would then issue class C shares for use in acquisitions. Brin & Page did not want to issue more A shares, which would risk their majority control; but they would be willing to issue C shares and use them to acquire companies as they would have no dilutive effect on their majority control.