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Super voting / dual-class shares could be given less to founders / CEOs

By Hicbd
Fri Apr 22 2022 10:21 am

"Dual-class shares have been controversial. The practice makes it difficult for tech companies to be acquired unless a founder or CEO gives the nod. And, the voting structures ward off activist hedge funds seeking quick changes in market focus or strategy...The Council of Institutional Investors, which represents pension funds and others, says dual-class IPO stocks need to be reined in."

URL:
https://www.investors.com/news/technology/tech-companies-ipo-super-voting-rights/
https://www.wsj.com/articles/SB10001424052970203911804576653591322367506?mod=WSJ_hp_LEFTWhatsNewsCollection
https://www.theinformation.com/articles/spac-boom-helps-tech-founders-cement-control

URL Credit

Categories:
Companies / Corporations Boards / Ownership / Management / Governance Startups Initial Public Offerings (IPOs) Investing / Portfolio Management Venture Capital

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