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The proposed issuing of non-voting, Class-C shares would concentrate Zuckerberg's majority voting rights even as he sold 99% of his holdings over time to fund his philanthropic efforts.
What does the certificate of incorporation say? OK, yes, there is a catch: Class C shares have no voting rights. For reference, Class A stock has one vote per share and Class B stock, which is ...
After the split, Google's Class A shares that came with voting rights traded under the new ticker GOOGL. The new Class C shares that had no voting rights took over the GOOG stock ticker.
(1) Calculated based on all shares with voting rights, including treasury shares stripped of voting rights (Art. 223-11 of AMF General Regulations). (2) For information, excluding treasury shares ...
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