Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures
Gust
MAY 24, 2012
There are also many anti-takeover devices available to companies when they go public that put the initial Board at great advantage in terms of preserving control going forward. With all that governance out of the way, let’s take a look at Facebook as the most recent, and most extreme, example of the dual-class voting structure.
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