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Re: swampboots post# 244594

Wednesday, 11/23/2022 2:08:31 PM

Wednesday, November 23, 2022 2:08:31 PM

Post# of 251544
OT: Create special stock categories, ala Zuckerberg, to make sure that you will always have complete control when it comes to shareholders voting on anything, anything whatsoever, when it comes to running the company.

Fine, have an IPO, go public, just make sure that the “public” shareholders will never have any say in how you run the company.

https://www.businessinsider.com/facebook-new-stock-structure-2016-4

Facebook currently has a dual-class structure. Class A shares, which are what trade under the ticker "FB" on public markets and have one vote per share, and Class B shares, which have 10 votes per share and is what company insiders own. The Class B shares don't trade on an exchange.

Now there will be a new Class C stock, which gives investors the ability to own Facebook but have no say on company decisions…

‘For each outstanding Class A and Class B share held by our stockholders, Facebook intends to issue two new Class C shares as a one-time stock dividend. The Class C shares will have the same economic rights as the existing Class A and Class B shares. The primary difference is that the Class C shares are non-voting.’

… (note: Zuckerberg has enough shares that all he needs to do is vote in favor of this action and it's done)…

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