You’re one of many minor shareholders. They give you in theory some say in the company, with one vote per share, but in practice you’re ignored. Then you have the major shareholders, owning millions in shares, and having some to big influence in the company. These are the people they invite to shareholder meetings. And then there is the special class of shareholders, think of Musk and Zuckerberg, that own now billions in shares that give them 10 votes per share for example so nobody can outvote them.
You’re one of many minor shareholders. They give you in theory some say in the company, with one vote per share, but in practice you’re ignored. Then you have the major shareholders, owning millions in shares, and having some to big influence in the company. These are the people they invite to shareholder meetings. And then there is the special class of shareholders, think of Musk and Zuckerberg, that own now billions in shares that give them 10 votes per share for example so nobody can outvote them.
I never understood how special shares were legal. I mean, I do understand that it’s because the ownership class wants it that way, but it’s insane.
It’s literally letting people have their cake of controlling a company while eating it by selling the company off simultaneously.
Some special shares are cheaper, but you don’t get a vote. Those shares are for the sort that just wanna ride the corporate wave without any “guilt”.