Aug 22, 2005

Google's feudal system

Two types of common stock enable management to outvote regular shareholders by a margin of ten to one.
[E]ach Google share bought by low plebs in the public market - people like you and me, in fact - has one vote attached, to be used at shareholder meetings; whereas the class B stock held by the founders, Larry Page and Sergey Brin and chief executive Eric Schmidt, gives them 10 votes a share. Their noble Class B shares make up about a third of the company's capital and are worth about $25 billion and counting.
The article goes on to say that there's another dotcom bubble in the works and that the markets are "awash in money."

My question: When will I be awash in money? I lived through the go-go 80s and I was conspicuously not awash in money. Similarly, I was present during the dotcom boom of the 90s. Again, not awash.

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