The Richest Woman in the World: How Gina Rinehart Earns her Billions
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)In an interesting story - but not unexpected - a Google shareholder is trying to get the company to do away with the
current stock voting structure that he says (and I agree with) gives too much voting control to the founders and CEO of
Google, Inc. (Schmidt, Brin and Page, respectively).
Together, these three tentpoles to the Google empire have voting rights on over 68 percent of the company through their combined Class B shares. That's a lot on control for a company with a $100 billion market cap, eh? I have to agree with this shareholder in that there is way to much voting power tied up in too few hands - but releasing that power may make Google succumb to the evil shareholder forces that sometimes leap into action - hence Google's mantra of "do no evil".
Together, these three tentpoles to the Google empire have voting rights on over 68 percent of the company through their combined Class B shares. That's a lot on control for a company with a $100 billion market cap, eh? I have to agree with this shareholder in that there is way to much voting power tied up in too few hands - but releasing that power may make Google succumb to the evil shareholder forces that sometimes leap into action - hence Google's mantra of "do no evil".
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