By Felix Salmon – There’s a long history of such things: they were outlawed in the 1920s, when they were commonly used by unscrupulous managers. The New York World even wrote a poem on the subject:
Then you who drive the fractious nail,
And you who lay the heavy rail,
And all who bear the dinner pail
And daily punch the clock—
Shall it be said your hearts are stone?
They are your brethren and they groan!
Oh, drop a tear for those who own Nonvoting corporate stock.
Dual-class voting shares were illegal for most of the 20th Century, but came back in 1986. more> http://tinyurl.com/cavoy48
Related articles
- Investors to Google: Don’t be evil (theglobeandmail.com)
- New Share Class Gives Google Founders Tighter Control (dealbook.nytimes.com)
- Google Stock Split: Nonvoting Share Move Does No Evil After All (dailyfinance.com)
- Google’s stock split raises questions (news.yahoo.com)
- What’s up with Google’s plan to split its stock, Anick Jesdanun, Associated Press/USATODAY.com
- Google’s stock split raises questions, Alexei Oreskovic, Reuters
