That means that Zynga will no longer be a «controlled company» with a dual class
stock structure in which Pincus wields 70 % of the voting power.
IAC's board adopted the proposal after a special committee consisting of eight of its 12 members unanimously approved the
new stock structure.
Recent research sheds light
on stock structure of these apex predators in the northern North Pacific Ocean, with important implications for management.
Scandals aided by
preferential stock structures at companies such as Hollinger International in the early 2000s turned institutional investors against these systems.
While additional terms are found in a typical preferred equity financing, the few listed above serve as the primary reasoning behind venture capital investors pursuing a
preferred stock structure when making an equity investment.
«Our hope is that the next stock assessment will use our information on
stock structure throughout the process of evaluating these species for management decisions,» Palkovacs said.
Testing different theories
regarding stock structure (the numbers within each population, their boundaries and movements across those boundaries) is the most challenging test of the CLA.
The move represents the first big reversal of the controversial dual
class stock structure that has been embraced by tech executives from Facebook's Mark Zuckerberg to Snap's Evan Spiegel.
Zuckerberg said at the time that the stock's gains over the past couple of years would allow him to retain control of the enterprise and still sell enough stock to fund his philanthropy without the
new stock structure.
In November 2009, Facebook's board of directors voted to establish a dual - class
stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting power.
Still, Zuckerberg has greater freedom of action than most CEOs thanks to
a stock structure that lets him sell most of his shares of Facebook while maintaining voting control in near - perpetuity.
Most of the company would continue to be owned by current parent IAC / InterActiveCorp, via a triple - class
stock structure.
The Roberts family controls Comcast through a dual - class
stock structure.
On Wednesday, a select few holders of Google stock practiced their annual ritual of asking the company to end
its stock structure that heavily favors top management.
Is Facebook's dual - class
stock structure — which essentially secures CEO Mark Zuckerberg «s control of the company — good or bad for investors?
The increasing use of dual - class
stock structure, in which founders can have small ownership percentages, but outsized influence over company decisions via voting rights, has played a role.
One of the defining elements of a stock corporation is
the stock structure, which gives board members and employees a share in the ownership of the company.
This decision enables Zynga (the «Company») to simplify
its stock structure and move from a multi-class to a single class structure.
Precisely how the catch limit is distributed depends on the nature of
the stock structure and the number of different populations within the region.
Each year, more than 200 scientists still come together to discuss topics such as population estimates and trends,
stock structure, whale watching, bycatch, ocean noise, and climate change.
Understanding this «
stock structure» is an important aspect of the Implementation process, in part because the CLA establishes a total catch limit for that region, and this total must be divided between the different populations.
He said shareholders» «true level of concern» is masked by the company's dual - class
stock structure, which gives common shareholders such as the New York City pension funds the majority of the company's stock but a minority of its voting power.