Google founders cement their power with stock coup
"Our hearts are attached to google," they wrote in a letter to shareholders published on thursday. The new structure, he said, was intended to ensure that they were able to realize their vision. "We have decided that it is in google’s best interest to maintain its fundamentally based approach."
The plan: the previous google share will be de facto divided. All shareholders receive a non-voting share in addition to their voting share, which can be traded in the same way as its "big brother". The advantage now lies in the fact that in the future, for example, bonus payments to employees or the payment of acquisitions can be made by means of these non-voting shares. The power in the company does not shift.