Based on author's thesis (doctoral - University of Cambridge, 2020). Includes bibliographical references and index.
Contents:
Introduction -- The cult of dual-class stock in the era of big tech -- A tale of two cities and beyond -- First among equals? : other methods of creating a divergence between voting and cash-flow rights -- Shareholder democracy and corporate purpose -- From controlling shareholders to dual-class stock -- Theoretical benefits and detriments of dual-class stock -- The empirical evidence on dual-class stock -- The existing constraints -- A balanced protection package for inferior-voting shareholders.
Summary:
"The titular phrase 'founders without limits' describes an environment in which founders of high-growth companies, especially in the tech sphere, are given the scope, tools and incentives to grow their businesses as listed companies and to pursue their long-term visions for success without having to succumb to the shortterm pressures which many have argued have haunted the capital markets for decades"-- Provided by publisher.
Series:
International corporate law and financial market regulation
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.