How do you feel about the dual class share structure of high profile IPOs like SNAP and their implications for corporate governance? Is this a fair use of a company’s discretion or a dangerous path to go down?
I have mixed feeling about it. It seems like a single-minded board has worked wonders for some companies and gotten some out of a tight spot when they did not have the luxury of waiting for consensus to settle... at the same time without voting power you’re less a part owner and more a bystander.
potpie200411 karma
How do you feel about the dual class share structure of high profile IPOs like SNAP and their implications for corporate governance? Is this a fair use of a company’s discretion or a dangerous path to go down?
I have mixed feeling about it. It seems like a single-minded board has worked wonders for some companies and gotten some out of a tight spot when they did not have the luxury of waiting for consensus to settle... at the same time without voting power you’re less a part owner and more a bystander.
Thanks for your time
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