Google shareholder wants two-tiered stock structure dismantled from the San Jose Mercury News covers how a pension funding holding a tiny amount of Google shares will push at the upcoming shareholder's meeting for the two tier voting structure to be dismantled. That's the structure that gives cofounders Larry Page, Sergey Brin and Google CEO Eric Schmidt effective control over the entire company. Well, you can't say this structure wasn't clear when you bought the stock. Google says its board is opposed to the change, not surprisingly. And without the support of the big three, it ain't gonna happen. Hat tip to Kathryn Cramer's blog.
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