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dschobel on Jan 31, 2010 | parent | context | favorite | on: Why tech companies never pay out their earnings as...

This is true. Most companies are structured so that there exists a preferred share class with greater voting rights so to pass anything you'd have to get buy in from the board members who are the ones who typically own this share class.

anamax on Jan 31, 2010 [–]

> Most companies are structured so that there exists a preferred share class with greater voting rights

"Most"? The press accounts around Google's IPO said that voting preferences were somewhat rare. They mentioned some newspaper companies and Ford.

Do MS, Apple, or Cisco have voting preferences?

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