Reposted by mr. stupidbrain
One way tech oligarchs retain power is through dual-class shares, allowing them to cash in on public stock markets without giving up power over their companies.
@ryanlcooper.com thinks this needs to end: Dual-class shares should be banned, or taxed in proportion to founder control over the company.
prospect.org
Here’s a Way to Stop Silicon Valley Megalomania - The American Prospect
‘Dual class’ shares are a fraud on the public market.
