When Google introduced a controversial dual-class share structure at the time of its IPO in 2004, I had reservations (as you would expect of someone whose specialty is corporate governance). But the founders’ passionate advocacy of the need to follow a “long-term, innovative approach” resonated with me. However, its recent proposal to effect a 2-for-1 stock split by issuing non-voting shares is an abhorrent idea that should be rejected.
Google’s Stock-split Plan Would Replace Stewardship with Dictatorship
When Google introduced a controversial dual-class share structure at the time of its IPO in 2004, I had reservations (as you would expect of someone whose specialty is corporate governance). But the founders’ passionate advocacy of the need to follow a “long-term, innovative approach” resonated with me. However, its recent proposal to effect a 2-for-1 […]
April 18, 2012
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New!
HBR Learning
Digital Intelligence Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Digital Intelligence . Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Excel in a world that's being continually transformed by technology.