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.
Google Shareholder Dreams Of A One Share, One Equal Vote World
Want SEW higher in your Google results?Add as a preferred source
More in Industry
View more10 fun facts (and a typo) from the original Google paper by Larry and Sergey
Fun fact #1: "Wow, you looked at a lot of pages from my web site. How did you like it?" - people encountering a crawler for the first time. This and other quality snippets pulled from the original paper presenting Google in 1997.
Facebook Pulls Ahead of Google In Referral Traffic
Last quarter, Facebook surpassed Google in referral traffic to news sites, challenging the search giant's dominance and becoming its most formidable competitor in yet another area.
Amazon Is Our Biggest Rival in Search Market, Says Google
Google chairman Eric Schmidt admits those looking for something to buy are usually looking for it on Amazon.