Monday, 23 April 2012

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 two-for-one stock split by issuing non-voting shares is an abhorrent idea that should be rejected.

Source: http://www.wired.com/epicenter/2012/04/opinion-wong-google-dividend/

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