So, Buffett outcompeted them by creating a second class with
lesser voting rights than the «A» shares, and 1 / 30th of the economic value of an «A» share.
Public investors who don't want
lesser voting rights stock simply won't buy it.
In 1996, Buffett created Class B shares worth 1 / 30th of Class A shares, but with
lesser voting rights, to stop fee - hungry managers from creating «unit trusts» that sliced up Class A shares for smaller investors seeking «Berkshire look - alikes.»
These shares usually have
less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the shareholders.
Not exact matches
True, shares with inferior
voting rights may cost
less (the market's way of compensating owners for their lack of control).
In the end, he told his caucus to
vote for the Liberal motion, which was enough to get Scheer called a «backstabber» by Ezra Levant, whose Rebel Media more or
less defines the far
right end of the political mainstream in Canada.
For the same reason, issuance of
lesser -
voting rights shares as consideration in a merger or other corporate acquisition should not be objectionable.
Another good example of a dual class transaction that fails to raise conflict of interest concerns is subsequent issuance of
lesser -
voting rights shares.
Common shareholders are generally granted
voting rights, but can be limited and often have
lesser rights than those granted to preferred shareholders.
Common stock generally grant
voting rights, which can be limited and often have
lesser rights than preferred shareholders.
The TSX amendments were a step in the
right direction, but they left open an «exceptional circumstance» loophole, which has the potential to render majority
voting less meaningful.
The
right to
vote in this country for women and minorities would seem to be as obvious as the nose on your face, yet
less than 100 years ago neither group enjoyed this
right.
If I fought against the
right of atheists to campaign for atheist candidates, then why should I expect anything
less than a counterattack against my own
voting rights as a Christian?
It was
less than 50 years ago when we finally passed the federal
voting rights act in this country and
less than 150 years since slavery was abolished.
My own opininon regarding allowing prisoners with sentences of
less than four years the
right to
vote is that it is actually a fudge.
I get
less excited by reform of
voting systems, Europe and bills of
rights.
Making the independence
vote a rare and decisive event makes it
less likely that the secession
right will have the destabilising consequences identified by Sunstein.
FPTP allows people to elected with
less than a majority AV shatters the principle of equal
voting rights.
The Government first proposed that prisoners should have
voting rights unless they'd been sentenced to four years or
less but are now giving backbenchers (and PPS's) a free
vote.
But unless Conservative MPs turned out en masse to
vote against the Party's
right - an unlikely course of action, given the»22 Executive results - Liberal and Labour support for
less spiky candidates provides the only comprehensible explanation of the results.
Speaking on the same programme, Liberal Democrat deputy leader Simon Hughes said he believed the Tories would suffer the most from Ukip as they are most obviously attractive to people who «want to
vote on the
right for
less public expenditure».
we know that left
right voting is becoming
less common.»
«It is shameful that 100 years after winning the
right to
vote, women remain relegated to second class status continuing to earn
less than their male counterparts,» Hochul said.
With the
right split between Tory and UKIP, and the LDs staying suppressed, Labour should be able to get a majority on
less than a third of the
vote.
«If they want to challenge the incumbent surely the basis of natural justice and the British sense of fair play, that incumbent has to be in a position to defend themselves in the arena of debate so that the 250,000 people who
voted for him
less than 10 months ago at least have their say, that's surely the
right way to do this,» he told the Today programme.
If YouGov is
right, and the Tory share of the
vote on 6 May is five percentage points more than Labour's, or
less, Labour will be the largest party.
He called for restoring
voting rights for incarcerated individuals who paid their dues to society, saying there is evidence that former prisoners whose
voting rights are restored are
less likely to return to prison.
With the Liberal Democrats reduced to a rump of supporters who are
less antagonistic towards the Tories, the
right - of - centre
vote is looking more split.
He told The World at One: «The one clunking central fact is that the two
right - of - centre parties between them got more than half the
vote but the Lib Dems won the seat with
less than a third of the
vote.
That is, if a Government doesn't get things
right in those areas where it can succeed, then those who
voted for them are going to be
less forgiving when things go wrong economically.
Unfortunately, notwithstanding that it's our sovereign
right to cast our
votes at the UN, for
less powerful countries like Nigeria, who thought that their decisions would hardly matter on such decisions of theirs, it seems that by shifting the whole blame on them this time round, Washington has decided to make them scapegoats.
The election may be
less than two weeks away, but in some constituencies it seems Russell Brand may be
right — you might as well not
vote.
The override
vote came
less than two weeks after U.S. District Court Judge Shira Scheindlin's order for a monitor to focus on stop - and - frisk, a practice she said the department had used in a way that violated the
rights of hundreds of thousands of black and Hispanic men.
Jurisprudence concerning candidacy
rights and the
rights of citizens to create a political party are
less clear than
voting rights.
The government looks set to ignore a European Court ruling by refusing to give tens of thousands of prisoners, jailed for four years or
less, the
right to
vote.
The latest polls suggest that Le Pen would pick up
less than one - third of the
vote in a run - off with former prime minister François Fillon, who is running under the banner of the centre -
right Republican party, and France's economy is fairly stable.
This gender gap is mainly due to the fact that
voting behaviour among men is generally
less strongly influenced by the stigma attached to many radical
right - wing parties.
It takes
less than 5 seconds and the
voting icon is just on the top
right sidebar of my blog.
I like Suffragette just fine but in no way does its topic (women's
voting rights) make it a better film about women than say Carol or Brooklyn or even
less high profile pictures like Grandma or I'll See You In My Dreams or Mustang you know?
It was also exciting to see female characters represented in such prominent roles, especially since the film is set
less then a decade after women were granted the
right to
vote.
Right now, Republican hypocrisy is becoming a glaring limitation as a Republican dominated House is forced to square its
votes against conservative drives of wanting
less bureaucracy and more local control.
In most cases, there are covenants that protect dividend
rights and liquidation
rights of the
lesser voting shares.
Preferred stock typically has a lower price and may appreciate
less due to fixed dividends and lack of
voting rights.
There are a few exceptions to this rule; e.g., we own about 35 % of GEICO Corporation but, because we have assigned our
voting rights, the company is treated for accounting purposes as a
less - than - 20 % holding.
We also fought off a «
right to farm» measure in Oklahoma, but, despite the efforts of our rural outreach team, a similar measure squeaked by voters in Missouri by
less than half of one percent of the
vote.
In 1985, for example, expelled
right - wing members of the PUP founded the Belizean Popular Party, which received
less than 1 percent of the
vote in the 1986 Belize City Council elections.
(8) On the regular polling day, the poll clerk shall prepare, at intervals of no
less than 30 minutes, using the prescribed form and as directed by the Chief Electoral Officer, a document permitting the identification of every elector who during that interval has
voted or forfeited his or her
right to
vote, other than electors who registered on that day and, on request, provide it to a candidate or a candidate's representative or provide it in an electronic format to a registered party.
Here, in fact, the Supreme Court of Canada has previously determined that TWU and its graduates have
rights in play which can not be casually disregarded by a provincial licensing bodies (much
less by
votes by the members of those bodies).
However, the trial judge also properly concluded that the amendments minimally impaired the
right to
vote, that there were no alternative,
less drastic means of achieving the legislative goals and therefore the infringement was demonstrably justified under s. 1.
New figures reveal that, following the Government's decision in December allowing prisoners serving
less than four years to
vote, 28,000 prisoners will win the
right to
vote.