Google sticks with dual-class structure

Iria · May 12, 2006, 06:35 PM

Source: News.com
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As expected, Google shareholders rejected on Thursday a proposal made by a pension fund holder of stock to eliminate the company's dual-class stock ownership structure.

Google's annual shareholder meeting also featured executives fielding questions about the search behemoth's controversial censorship policy in China.

A representative from the Bricklayers & Trowel Trades International Pension Fund, a relatively small shareholder with just more than 4,700 shares of Google, said the dual-class stock structure is not healthy for the company because it puts too much control in the hands of a few executives. Economic research has shown that a dual-class stock structure can lead to "undue conservatism among managers," said union official John McIntyre.

May 12, 2006, 06:35 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Google sticks with dual-class structure Source: News.com _________ As expected, Google shareholders rejected on Thursday a proposal made by a pension fund holder of stock to eliminate the company's dual-class stock ownership structure. Google's annual shareholder meeting also featured executives fielding questions about the search behemoth's controversial censorship policy in China. A representative from the Bricklayers & Trowel Trades International Pension Fund, a relatively small shareholder with just more than 4,700 shares of Google, said the dual-class stock structure is not healthy for the company because it puts too much control in the hands of a few executives. Economic research has shown that a dual-class stock structure can lead to "undue conservatism among managers," said union official John McIntyre.